Pakistan’s foreign exchange reserves rise to $14.05 billion

The State Bank of Pakistan (SBP) has reported a rise in foreign exchange reserves.

Recent figures show that overall foreign exchange reserves increased by $8 million, bringing the total to $14.047 billion.

Moreover, the SBP’s reserves notably grew by $511 million, reaching $9.15 billion, while deposits in commercial banks climbed by $291 million, now amounting to $5.31 billion.

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In addition, this growth in reserves highlights a strengthening of Pakistan’s economic stability, supported by steady gains in both central bank reserves and commercial bank deposits.

Furthermore, the increase is regarded as a positive sign, enhancing confidence in the country’s financial management and economic prospects.