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Increase in foreign exchange reserves by millions of dollars
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The reserves of the State Bank have increased by 8.4 million dollars.
The reserves of the State Bank have reached 11 billion 258 million dollars, on the other hand, the reserves of commercial banks have reached 4 billion 70 million dollars.
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According to the State Bank, the country’s total reserves have exceeded 15 billion 96 million dollars.
On the other hand, the remittances of Pakistanis working in the European Union recorded an annual increase of 27.1% in the first 4 months of the current financial year.
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According to State Bank data, Pakistanis working in EU member countries sent 1.451 billion dollars in foreign exchange from July to October, which is 27.1% more than the same period of the previous financial year. Pakistanis sent 1.141 billion dollars in foreign exchange to the country.
In October, the remittance volume of Pakistanis working in the European Union was recorded at 359.1 million dollars, which was 365.5 million dollars in September and 297.6 million dollars in October last year.
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It should be noted that in the first four months of the current financial year, the total remittance volume of overseas Pakistanis was recorded at 11.848 billion dollars, which is 34.7% more than the 8.794 billion dollars of the same period of the previous financial year.
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