Pakistan’s foreign exchange reserves have reached their highest level in history, reflecting renewed investor confidence and improving macroeconomic stability, according to officials and international agencies.
Global rating agencies, including Gallup and D&B, have recognized the progress in Pakistan’s economy and confirmed a 19 percent increase in consumer confidence. Reports indicate that as of March 2022, Pakistan’s foreign reserves reached $21.1 billion.
Experts attribute this improvement to the facilitation and support provided by the State Investment Facilitation Council (SIFC) and the government’s economic reforms, which have helped reduce financial vulnerabilities.
Economic analyst Khawaja Naqeeb said the country has achieved macroeconomic stability over the past 28 to 30 months, curbing import-driven pressures on the external account and generating a current account surplus. Another economist, Ashfaq Tola, noted that the rise in consumer confidence is a direct result of the government and SIFC’s concrete measures to stabilize the economy.
The strengthening reserves and growing investor confidence are expected to support sustainable economic growth and financial stability in the coming months.
