Pakistan Defeats Arch-Rivals India by 3 Wickets in Under-19 Asia Cup Clash in Oman; Hamza Zahoor Plays a Match-Winning Century Knock
OMAN: The State Bank pointed out that the foreign exchange reserves of the country have increased by an impressive $5 billion in the last few months of West Asian conflict since February 2026. By February, SBP possessed the reserves of $16.568 billion, but by October 30, this figure rose to $21.568 billion.
Financial authorities highlighted that steady gains in foreign exchange reserves have significantly helped in stabilizing the Pakistani rupee against major foreign currencies and boosting exporter confidence to bring foreign currency earnings back to Pakistan in a timely manner.
Persistent Trade Deficit Challenges: Pakistan’s substantial rise in reserves has not been enough to overcome the external trade imbalances. The trade deficit increased to $14.6 billion in the first four months of the fiscal year 2027, with total imports valued at $26 billion and total exports valued at $11.4 billion.
Foreign exchange stability and steady foreign exchange availability in Pakistan is credited to sustained and strong remittances inflows from overseas Pakistanis and their role.