KARACHI – In a good development, Pakistan Foreign Exchange Reservesregister significant increase.
Foreign exchange reserves rose by $ 1 billion 27 million to reach $ 15billion 75 million.
Foreign exchange reserves increased by $ 1 billion 27 million in the firsttwo months of the current fiscal year, according to data released by theState Bank.
The foreign exchange reserves have now reached $ 15.75 billion. The centralbank’s reserves are $ 8 billion 46 million, up from $ 1.8 billion.
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Economy analysts say that foreign exchange reserves are currentlyequivalent to two months of imports, and according to the standards ofglobal financial institutions, reserves of any country must be equal toimports of at least 3 month
