Record Reserves, Borrowed ConfidencePublished on: November 13, 2026 9:57 AM
Pakistan, Nov. 13 -- Pakistan's economic scoreboard has rarely looked better. The State Bank's foreign exchange reserves have crossed $21.5 billion, a substantial recovery from the recent external financing crisis. Sovereign credit ratings have improved, with S&P upgrading Pakistan to B and Moody's to B3, both with stable outlooks. Exports of goods and services rose 11 per cent to $11.2 billion in the first quarter of this fiscal year, workers' remittances reached $10.9 billion, and the stock exchange's investor base has continued to expand. Pakistan has also assumed the chairmanship of the G-24, the developing world's caucus on international monetary and financial affairs. Officials in Islamabad can be forgiven for calling this resilienc...
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