By the end of last week, Pakistan’s foreign exchange reserves reached $16.049 billion.

Since the beginning of the fiscal year, Pakistan’s foreign exchange reserves have seen a total increase of $2.053 billion.

According to details released by the State Bank, at the start of the fiscal year, the total foreign exchange reserves were recorded at $13.997 billion, with $9.390 billion held by the State Bank and $4.607 billion with commercial banks.

As of the end of last week, the reserves reached $16.049 billion, with the State Bank holding $11.156 billion and commercial banks holding $4.893 billion.

The report indicates that since the start of the fiscal year, the State Bank’s reserves have grown by a total of $1.767 billion, while reserves with banks have increased by $286 million.