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Pakistan’s foreign exchange reserves saw an increase of $73.1 million, bringing the total reserves to $16.45 billion. This rise, attributed to a surge in remittances, reflects a positive shift in the country’s economic stability and forex management. Weekly Growth in Reserves According to the State Bank of Pakistan (SBP), the country’s total reserves grew from …
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The State Bank of Pakistan (SBP) reported a $12.5 million rise in its foreign exchange reserves, reaching $12.05 billion for the week ending December 6, 2024. This marks a 0.10% week-on-week (WoW) increase, according to data released on Thursday. Decline in Total Reserves Despite the uptick in SBP’s reserves, the country’s total foreign exchange reserves …
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