By The State Bank of Pakistan (SBP) has announced a considerable increase in liquid foreign reserves, which have reached $14,573 million as of June 28, 2024.
Data released on Thursday reveals that the SBP’s reserves stood at $9,389.5 million, showing a significant rise of $494 million during the week ending June 28, 2024. This increase is largely due to substantial official inflows from multilateral agencies.
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In addition, commercial banks in Pakistan held net foreign reserves of $5,183.5 million on the same date, adding to the country’s overall reserve strength.
This rise in foreign reserves highlights Pakistan’s ongoing efforts to strengthen its economic stability in the face of global economic fluctuations. The latest figures indicate a positive trend in the country’s fiscal management, potentially providing a buffer against external financial pressures.
