Pakistan’s total liquid foreign reserves received a slight boost, reaching $14,414.6 million as of June 14th.
This increase comes after a week of positive movement, with the State Bank of Pakistan’s (SBP) reserves specifically rising by $31 million to $9,134.7 million.
The news, announced by the SBP on Thursday, indicates a gradual improvement in Pakistan’s foreign currency reserves. These reserves are crucial for the country’s financial stability, as they allow the government to meet its international payment obligations and maintain a stable exchange rate.
The breakdown of the reserves reveals that commercial banks in Pakistan now hold $5,279.9 million in foreign currency reserves. This figure, along with the SBP’s reserves, contributes to the total liquid foreign reserves reported.
Looking back at the previous week ending on June 7th, Pakistan’s total liquid foreign reserves stood at $14,383.8 million. This included $9,103.3 million held by the SBP and $5,280.5 million held by commercial banks.
While the increase is modest, it suggests a positive trend in Pakistan’s foreign reserves. This is important news for the country’s economy and can help improve investor confidence.
