As of June 28, 2024, the State Bank of Pakistan (SBP) revealed that the nation’s liquid foreign reserves had increased significantly to $14,573 million.
The SBP’s reserves alone were $9,389.5 million as of Thursday, according to data that was made public. This represents a noteworthy gain of $494 million during the week that ended June 28, 2024. Significant official inflows from multilateral agencies were blamed for this spike.
Additionally, as of the same day, Pakistan’s commercial banks possessed net foreign reserves totaling $5,183.5 million, which added to the nation’s overall reserve strength.
The rise in foreign reserves highlights Pakistan’s continued attempts to maintain its economic stability in the face of changes in the world economy. The most recent data show that the nation’s budgetary management is on the rise, possibly acting as a safeguard against
