The State Bank of Pakistan has released updated figures showing an increase in the country’s foreign exchange reserves.
According to the central bank, Pakistan’s dollar reserves rose by $105 million over the past week, bringing total reserves to $21.7 billion.
The increase was largely driven by higher dollar deposits at commercial banks, which grew by $93.3 million to reach $535 million. Meanwhile, the State Bank of Pakistan’s own reserves rose by $12 million, bringing them to $16.35 billion.
The growth in reserves comes amid efforts to stabilise the country’s external accounts and strengthen its foreign currency position.
