Pakistan’s Forex Reserves Stabilize; Expected IMF Inflow to Boost Holdings Further
ISLAMABAD: Pakistan’s foreign exchange reserves have stabilized despite recent heavy external payments, with further improvement expected following an upcoming inflow from the International Monetary Fund (IMF).
Officials say Pakistan is likely to receive around $1.21 billion from the IMF in the coming days, which will provide additional support to the country’s external reserves.
According to documents released by the State Bank of Pakistan, total foreign exchange reserves have increased by $6.5096 billion over the past year.
The central bank’s own reserves recorded a rise of $5.5529 billion, while reserves held by commercial banks increased by $956.7 million during the same period.
The data indicates improving external sector stability, although analysts note that continued inflows and prudent financial management will remain crucial for sustaining the gains.
