Pakistan’s total foreign exchange reserves have declined by $71.6 million, bringing the overall figure to $19.95 billion, according to the State Bank of Pakistan.
According to details, the central bank reported the drop in its latest weekly update, attributing the overall decrease primarily to a reduction in the dollar deposits held by commercial banks.
These deposits fell by $1.55 billion, reaching $5.43 billion.
In contrast, the State Bank’s own dollar reserves recorded an increase of $23.4 million, rising to $14.52 billion.
Separately, few days back, the SBP governor had said that inflation in the fiscal year 2025 has fallen to its lowest level in nine years. He credited strict monetary and fiscal policies for bringing economic stability and overcoming recessionary pressures.
Speaking at the launch ceremony of the Women Entrepreneur Finance Code (WeFinance Code), Jameel Ahmad stated that improvements in external accounts have stabilized the foreign exchange market, while remittances and exports have led to a current account surplus.
“The State Bank’s foreign exchange reserves have now surpassed 14 billion dollars,” the governor said. “The financial policy has effectively supported the monetary policy, resulting in economic recovery and sustainable growth in Pakistan.”
