Karachi: The State Bank of Pakistan (SBP) experienced a $24 million rise in its foreign exchange reserves over the past week, with total reserves reaching $9.53 billion as of September 20. This incremental growth contributed to the broader stability of Pakistan’s overall foreign currency reserves, which stood at $14.873 billion, inclusive of reserves held by other banks.

According to Zameen.Com, the central bank released data indicating that the reserves had increased from $9.51 billion on September 13. The net reserves held by other banks also rose by $23 million, reaching $5.34 billion by the same date.

This financial stabilization is part of a larger context, including a significant funding agreement by the Asian Development Bank (ADB). The ADB has committed $500 million to support educational initiatives in Pakistan and other Asian nations, a move expected to further bolster Pakistan’s economic framework.