The foreign exchange reserves of Pakistan have reportedly hit a 19-month high, according to the State Bank of Pakistan.
A spokesman said that Pakistan’s total reserves, which are $14.7035 billion, increased by $5.88 million due to an increase in dollar deposits.
Just the State Bank’s reserves have increased by $1.86 billion to $9.4237 billion, more than enough to cover imports for two months. The country’s economy will benefit from this large increase in reserves, which will support import requirements and act as a safety net against external financial pressures.
Economists point out that the nation’s continued attempts to stabilize its financial situation and efficiently manage its foreign exchange resources are reflected in the better reserves position.
