Business

Pakistan’s Foreign Exchange Reserves Hit Record High as Global Agencies Praise Economic Recovery

Pakistan’s foreign exchange reserves have reached a historic high, while international rating agencies have acknowledged significant improvements in the country’s economic outlook.

According to reports, international rating agencies **Gallup** and **Dun & Bradstreet (D&B)** have recognized positive developments in Pakistan’s economy. The agencies have confirmed a **19 percent increase in consumer confidence**, reflecting growing public trust in economic stability.

The report states that Pakistan’s foreign exchange reserves have climbed to **$21.1 billion**, the highest level recorded since March 2022. This improvement is being attributed to effective facilitation, support, and initiatives undertaken by the **Special Investment Facilitation Council (SIFC)**.

Officials say that SIFC-led facilitation and economic reforms have helped reduce financial insecurity and strengthened investor confidence in the economy. As a result, both domestic and international investors are showing renewed interest in Pakistan’s markets.

Economist **Khakan Najib** said that Pakistan has achieved macroeconomic stability over the past **28 to 30 months**, adding that the country successfully controlled import growth, improved its external account, and achieved a **current account surplus**.

Meanwhile, economist **Ashfaq Tola** stated that the rise in consumer confidence is a direct outcome of concrete measures taken by the government in collaboration with the SIFC, which have contributed to restoring economic stability and public trust.

Related News

Back to top button
WhatsApp
Get Alert