At $11.29 billion, the State Bank of Pakistan’s (SBP) dollar reserves have risen to their highest level in 31 months.
Details show that the reserves increased by $2.94 million in a single week, which is a good development for Pakistan’s foreign exchange situation. The central bank’s overall dollar reserves have increased dramatically as of the most recent report.
Nevertheless, over the same time period, dollar deposits in commercial banks fell by $2.72 million, reaching $467.97 million.
In the meantime, the nation’s total foreign exchange reserves have increased by $2 million to $15.97 billion, indicating a solid increase. In the face of persistent economic difficulties, this growth is viewed as a positive sign of the nation’s financial soundness.
