Karachi: Pakistan’s liquid foreign exchange reserves stood at around US $ 19.66 billion by the end of October, of which the State Bank of Pakistan accounted for around US $ 14.50 billion, while commercial banks’ reserves stood at around US $ 5.16 billion, indicating that the country’s external financial position is moving in a relatively better direction.
However, there was a slight decline in total reserves on a weekly basis at the end of the same month, mainly due to a decline in the net reserves of commercial banks. This situation is encouraging for economic stability, but it also draws attention to weaknesses within the banking sector, which could hinder the performance of reserves in the face of external pressures in the future.
