Drastic Increase In Domestic Foreign Exchange Reserves

With the increase of millions of dollars, the total reserves of the country became 8 billion 72 million 65 lakh dollars. 

Lahore, The country’s foreign exchange reserves have started to increase, with the increase of millions of dollars. The total reserves of the country have reached the level of 9 billion dollars. According to the details, the country’s foreign exchange reserves have increased by more than 60 million dollars. 

As per Markazi Bank, the total foreign exchange reserves of Pakistan increased by 62 million dollars, which made the total reserves reach 8 billion 72 million 65 lakh dollars. 

According to media reports, the reserves of the central bank have increased while the reserves of commercial banks have decreased. 

State Bank’s reserves increased by 6.6 million dollars to 3.25 billion dollars. While the reserves of commercial banks decreased by 4 million dollars, after which the reserves came to the level of 5 billion 47 million dollars.

The IMF is demanding a further 2% increase in the interest rate while the State Bank’s base interest rate is currently 17%. It is feared that the interest rate may reach 19% in the future monetary policy due to the pressure of the IMF