By attaining the desired level of dollar reserves, Pakistan has met another requirement established by the International Monetary Fund (IMF).
The State Bank of Pakistan’s (SBP) statistics indicate that the nation’s foreign exchange reserves have even beyond the predetermined threshold.
According to SBP figures, official foreign reserves at the conclusion of the fiscal year on June 30 were $14.51 billion, up $5.2 billion from the 2024–2025 fiscal year.
The IMF had set a goal of $13.9 billion in foreign reserves for the fiscal year 2024–2025, according to experts.
A significant increase in remittances and an improvement in exports are credited with the growth in reserves.
Strengthening the nation’s foreign exchange reserves was another benefit of the SBP’s policy of buying dollars on the open market.
The data shows that throughout the last 10 months, the SBP purchased $6.8 billion on the open market.
