During the week ended April 24, SBP reserves rose by $730.3 million. This brought the total SBP reserves to $15.83 billion. The overall reserves of Pakistan also increased by $640.5 million, reaching $21.27 billion.

The increase represents a growth of 4.84 percent for SBP and 3.1 percent overall. This surge offers relief after several months of pressure on the external account.

Analysts view this development as a positive signal for Pakistan’s external finances. The influx of investment from the eurobond has contributed to improved financial stability.

Pakistan’s foreign exchange reserves have been under pressure for months prior to this increase. The recent rise is an encouraging sign for stakeholders and investors alike.

This boost in reserves may enhance confidence among international investors and aid in stabilizing the economy further.

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