SBP reserves increase by $27 million

Karachi: The State Bank of Pakistan's (SBP) reserves have increased significantly in a week.

According to the State Bank's report, the reserves have increased by $27 million in a week.

The State Bank's reserves have increased to $14.44 billion, while the reserves of commercial banks have decreased by $26 million, according to the central bank's report.

Commercial banks have a total reserve of $5.36 billion, while the country's total reserves have increased by $100,000 to $19.81 billion.

Economic experts say that this increase in foreign exchange reserves is the result of a reduction in import payment pressure and an improvement in remittances, which is a positive sign for the country's economy.