Pakistan’s foreign exchange reserves have risen by $2.652 billion in the current fiscal year, according to the latest data from the State Bank of Pakistan (SBP).
As of May 16, the country’s total reserves stood at $16.649 billion. The central bank held $11.447 billion, while commercial banks accounted for $5.202 billion.
At the end of the previous fiscal year, the reserves were recorded at $13.997 billion, with the SBP holding $9.390 billion and banks maintaining $4.607 billion.
Since the start of the current fiscal year, the SBP’s reserves have grown by $2.057 billion, while commercial banks added $595 million to their holdings. The increase reflects improved foreign exchange inflows over the past months.
Also read: Pakistan’s forex reserves jump to $16.65 billion, highest in 5 months
