The country’s foreign exchange reserves have increased significantly by $173 million in just one week, which is good news for Pakistan’s economy.
The State Bank of Pakistan’s latest data indicates that the total value of the country’s foreign exchange reserves is $14.645 billion.
The increase in the Central Bank’s and commercial banks’ dollar holdings is credited with the reserves’ expansion.
Foreign currency deposits in banks increased by $5.3 million to $5.373 billion, while the Central Bank’s foreign exchange reserves increased by $12 million to $9.273 billion.
