ISLAMABAD: Pakistan’s foreign exchange reserves have seen an increase.
According to the latest data released by the State Bank of Pakistan, the country’s total foreign exchange reserves have reached $21.2935 billion. This increase has come at a time when the government is taking various steps to stabilize the economy. Economic circles are calling this development positive.
According to the central bank, an increase of $23 million was recorded in the reserves of the State Bank alone. After this increase, the reserves held by the State Bank have increased to $15.85 billion.
Economists say that the increase in foreign exchange reserves is considered an encouraging sign for the country’s economy. The increase in reserves reduces the pressure of external debts and import payments. Along with this, the value of the rupee is also expected to gain support.
