Pakistan’s foreign reserves have increased by $71 million over the past week, according to the State Bank of Pakistan. The government’s reserves now stand at $10.403 billion, while commercial banks hold $5.217 billion, bringing the nation’s total reserves to $15.613 billion as of May 9.
The figures are expected to rise further when the $1.23 billion second tranche from the International Monetary Fund (IMF) is added to the reserves on May 16.
In a separate development, the Pakistan Army warned it would respond “swiftly and decisively” to any ceasefire violations by India along the Line of Control. The military’s statement reaffirmed Pakistan’s stance on maintaining border security while the country focuses on economic stabilization.
The growth in reserves reflects Pakistan’s ongoing efforts to strengthen its financial position through international support and careful fiscal management.
Also read: Pakistan’s foreign reserves dip by $367 million after debt repayment
