Pakistan, May 30 -- The State Bank of Pakistan (SBP) announced that its foreign exchange reserves increased by $70 million to reach $11.516 billion during the week ending May 23. Despite this improvement, the SBP still needs to secure an additional $2.5 billion to meet its revised $14 billion foreign exchange reserve target before the end of the current fiscal year. However, experts remain skeptical about achieving this target in the short remaining period.

Pakistan is expecting to receive $1.4 billion in climate funding, already approved by the International Monetary Fund (IMF) under its Resilience and Sustainability Facility (RSF). Additionally, financial analysts suggest that Pakistan has secured a $1 billion support package from the ...