Pakistan’s foreign exchange reserves have reached four-year high due to the reforms of Special Investment Facilitation Council and policy continuity.
According to the Finance Minister’s Advisor Khurram Schehzad, Pakistan’s total foreign exchange reserves have reached 21.6 billion dollars, the highest level in the past four years. Of these reserves, 16.3 billion dollars are held by the State Bank of Pakistan, while 5.3 billion dollars are with commercial banks.
He said the growing reserves of the State Bank reflect the country’s financial sovereignty and enhanced policy control. He said this increase strengthens our ability to respond quickly during crisis and enhances financial stability.
