Pakistan’s foreign exchange reserves increased by $60 million within one week, according to the State Bank of Pakistan.

On Thursday, the State Bank of Pakistan (SBP) published the most recent data regarding the nation’s foreign exchange reserves, indicating a weekly rise of $60 million.

The SBP data indicates that the central bank’s reserves increased by $22 million, totaling $14.52 billion by the week’s conclusion. Likewise, the reserves of commercial banks rose by $39 million, resulting in a total of $5.19 billion.

Consequently, the nation’s overall foreign exchange reserves increased to $19.72 billion, indicating a consistent rising trajectory despite global economic challenges.

Financial analysts assert that the enhancement in reserves signifies greater stability in the external account, bolstered by export revenues, remittances, and consistent inflows from financial institutions.

Experts contend that sustaining this positive momentum will bolster the rupee’s stability against the dollar and enhance investor confidence in the domestic economy.
The SBP persistently observes external inflows to enhance foreign exchange reserves and bolster economic resilience.