Home NEWS State Bank Reserves Increase $ 184 Million

State Bank Reserves Increase $ 184 Million

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Reserves have risen from $ 11.73 billion to $ 11.91 billion, According to State Bank report. According to the State Bank of Pakistan, its reserves increased by $ 184 million in one week. In a statement, the State Bank said reserves had risen from $ 11.73 billion to $ 11.91 billion. Commercial banks’ reserves declined by $ 9 million to $ 6.44 billion, while gross domestic reserves increased from $ 18.27 billion to $ 18.36 billion.

Pakistan’s Information Technology (IT) sector exports recorded a growth of more than $ 60 million in the first half of the financial year 2012-2019, Pakistan’s IT exports in the first half of this fiscal, with an increase of 2.2 percent. An increase of 21% was recorded.

According to a report by the State Bank of Pakistan, exports of IT and IT services were $ 653 million between July 2019 and December 2019 this fiscal. Two days ago, the leading financial institution JP Morgan, while encouraging investment in Pakistan, had suggested to its clients to invest in government bonds in Pakistan. According to the Institute, better economic policies have increased Pakistan’s foreign exchange reserves and reduced fiscal deficit, according to JPMorgan. The IMF program has strengthened economic stability while improving economic policies. Has regained confidence in the markets.

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