SBP reserves reached a five-month high.
Pakistan’s foreign exchange reserves have risen to $16.65 billion, a five-month high.
Details revealed that the nation had foreign exchange reserves equal to seventy days’ worth of purchases. In just one week, the dollar reserves of the State Bank of Pakistan (SBP) have risen by a record 10%.
At the same time, SBP reserves increased by $104 million to $11.45 billion.
Bank dollar deposits have dropped by $870,000 in just one week, to $5.2 billion.
