Pakistan’s foreign exchange reserves have reached their highest level in history, while international institutions are also acknowledging significant improvements in the country’s economic conditions. International rating agencies Gallup and D&B have formally recognized the positive momentum in Pakistan’s economy.
According to international rating agencies, consumer confidence in Pakistan has increased by 19 percent. The report states that Pakistan’s foreign exchange reserves have reached 21.1 billion dollars since March 2022. Experts attribute this progress to the effective facilitation, support, and sustained efforts of the Special Investment Facilitation Council (SIFC).
The report further notes that SIFC’s facilitation and economic reforms have reduced financial vulnerability, while investor confidence in the economy has strengthened significantly. Economist Khurram Najib stated that Pakistan has achieved macroeconomic stability over the past 28 to 30 months by controlling import pressures in the external account and achieving a current account surplus.
Meanwhile, economist Ashfaq Tola said that the rise in consumer confidence is a direct result of concrete measures taken by the government and SIFC, creating positive expectations for Pakistan’s economic outlook.
