Karachi: The State Bank of Pakistan (SBP) reported a modest increase of USD 19 million in its liquid foreign exchange reserves, bringing the total to USD 9.291 billion as of August 16, 2024. This uptick signals a cautious improvement in the country’s financial stability, reported a source on August 23.
As discussed in further detail, the overall liquid foreign exchange reserves in Pakistan now stand at USD 14.667 billion, with commercial banks holding USD 5.375 billion. The gradual build-up in reserves is seen as a positive sign, reflecting efforts to strengthen the country’s financial position in a volatile economic environment.
As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.
