Foreign exchange reserves have recorded a significant increase of $2.381 billion during the current fiscal year.
According to State Bank data, the country’s foreign exchange reserves at the end of the last fiscal year were $13,997 billion, of which the State Bank held $9.390 billion and commercial banks $4.607 billion.
In the week ending January 3, the country’s foreign exchange reserves were recorded at $16.378 billion, of which the State Bank held $11.695 billion and commercial banks held $4.683 billion.
According to the official news agency, since the beginning of the current fiscal year, the State Bank of Pakistan has seen an increase of $2.305 billion in foreign exchange reserves and $73 million in foreign exchange reserves with banks.
