"Pakistan's Foreign Exchange Reserves Surge, Reaching $13 Billion Mark"
"Recent State Bank Report Reveals Modest Uptick in Pakistan's Foreign Exchange Reserves, Reaching $13.2 Billion"
"SBP Attributes Increase in Pakistan's Foreign Exchange Reserves to Surge in Dollar Deposits"
According to the SBP, the recent surge in reserves is chiefly due to a substantial rise in dollar deposits. Notably, the State Bank's own dollar deposits witnessed a remarkable upswing of $1.07 billion, reaching a noteworthy $7.9 billion.
Additionally, commercial banks contributed to the bolstering of the nation's reserves, with their dollar deposits experiencing a $11.4 million increase, totaling $5.2 billion.
