The foreign exchange reserves of Pakistan witnessed an increase of 9.6% on Thursday on a week-on-week basis.
The State Bank of Pakistan (SBP) reported that the foreign currency reserves rose to $4.4 billion, after an increase of $393 million. On June 23, 2023, the foreign exchange reserves were recorded at $4.06 billion.
Experts claim that the increase in reserves is primarily due to the official inflows from the Government of Pakistan. After the recent surge, the overall reserves owned by the banks, excluding SBP, have reached $9.7 billion.
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