ISLAMABAD: Pakistan’s foreign exchange reserves have reached historic highs, and international rating agencies are recognizing improvements in the country’s economy.
Agencies such as Gallup and D&B have acknowledged the positive developments, noting a 19% increase in consumer confidence.
According to reports, Pakistan’s foreign exchange reserves have risen to $21.1 billion since March 2022.
Experts attribute this improvement to the facilitation and efforts of the SIFC (Strategic Investment Facilitation Council) and ongoing economic reforms, which have reduced financial insecurity and boosted investor confidence.
Economist Khaqan Najeeb stated that Pakistan has achieved macroeconomic stability over the past 28–30 months. Measures to control imports in the external account and achieve a current account surplus have played a key role in this progress.
Another economist, Ashfaq Tola, emphasized that increased consumer confidence is a direct result of the government’s and SIFC’s concrete actions.
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