In a significant boost to the country’s economy, the State Bank of Pakistan (SBP) has reported a notable surge in the nation’s foreign exchange reserves, thanks to the latest tranche from the International Monetary Fund (IMF).

According to fresh data released by the SBP, Pakistan's total foreign exchange reserves have now reached $16.648 billion. This sharp rise comes after the country received the second installment of $1.23 billion from the IMF, helping stabilize the reserves and sending a strong signal of financial support from global lenders.

Breaking it down, the central bank's own reserves stood at $11.446 billion as of May 13, reflecting a healthy increase. Meanwhile, commercial banks are currently holding $5.202 billion, contributing to the overall total.

This development comes as a welcome relief for Pakistan’s economy, which has been navigating a series of fiscal challenges. The IMF inflow not only strengthens the SBP's reserves but also builds investor confidence and enhances the country's ability to meet external obligations.

Analysts believe this boost could help ease pressure on the local currency and support economic recovery efforts in the coming months.