Forex reserves spike to over 5-month high

Pakistan’s foreign exchange reserves, held by the central bank, have surprisingly increased for the second consecutive week, hitting a five-and-a-half-month high at $8.22 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday.

Foreign currency reserves have cumulatively risen by $1.32 billion in two weeks, which reflects a rebound from almost six-month low of $6.90 billion hit on December 15, 2023.

Read more: https://tribune.com.pk/story/2452206/forex-reserves-spike-to-over-5-month-high