Over the last week, Pakistan’s foreign exchange reserves grew by $21 million, reaching $19.681 billion.
Experts estimate that the stockpiles currently cover the cost of imports for 70 days. But according to the International Monetary Fund’s (IMF) guidelines, reserves have to be equivalent to 90 days’ worth of import coverage.
The SBP’s dollar reserves increased by $34 million during the course of the week, reaching $14.3 billion. at the meantime, dollar deposits at commercial banks dropped by $12 million to $5.3 billion.
