According to the State Bank of Pakistan, Pakistan’s total foreign exchange reserves have decreased by $71.6 million, totaling $19.95 billion.
Details show that the central bank revealed the decline in its most recent weekly report, citing a decline in dollar deposits held by commercial banks as the main cause of the overall decline.
These deposits dropped to $5.43 billion, a decrease of $1.55 billion.
In contrast, the State Bank’s own dollar reserves increased to $14.52 billion, a $23.4 million rise.
Separately, the governor of the SBP stated a few days ago that the fiscal year 2025 inflation rate has dropped to its lowest point in nine years. He attributed economic stability and the removal of recessionary pressures to stringent fiscal and monetary policies.
Remittances and exports have created a current account surplus, while improvements in external accounts have stabilized the foreign exchange market, according to Jameel Ahmad, who spoke at the Women Entrepreneur Finance Code (WeFinance Code) launch ceremony.
“The State Bank’s foreign exchange reserves have now surpassed 14 billion dollars,” stated the governor. “The financial policy has effectively supported the monetary policy, resulting in economic recovery and sustainable growth in Pakistan.”
