The State Bank of Pakistan's (SBP) dollar reserves have surged to the highest level in 31 months, reaching $11.29 billion.
According to details, in just one week, the reserves saw an increase of $2.94 million, marking a positive shift for Pakistan's foreign exchange position. As of the latest report, the total dollar reserves held by the central bank have grown significantly.
However, the dollar deposits in commercial banks have decreased by $2.72 million during the same period, dropping to $467.97 million.
Meanwhile, the country's overall foreign exchange reserves have shown a healthy increase, rising by $2 million to a total of $15.97 billion. This growth is seen as a hopeful indicator of the country's financial stability amidst ongoing economic challenges.
It is expected that the combined reserves could provide crucial support in addressing balance of the payment issues and stabilising the currency.
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