The State Bank of Pakistan (SBP) has announced an increase in the country's foreign exchange reserves, reflecting a positive trend in the financial landscape.
According to the latest data, total domestic foreign exchange reserves rose by $8 million, reaching a total of $14.047 billion.
The SBP's own reserves saw a significant increase of $511 million, bringing the total to $9.15 billion. Additionally, deposits held by commercial banks experienced a rise of $291 million, now totaling $5.31 billion.
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This upward movement in foreign exchange reserves indicates a strengthening of Pakistan's economic stability, driven by consistent growth in both central bank holdings and commercial bank deposits. The increase is seen as a positive development, contributing to greater confidence in the country's financial management and economic outlook.
