The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $18 million on a weekly basis according to data issued by the central bank on Thursday.
According to the latest data released by the SBP, on October 18, the foreign currency reserves held by the SBP were recorded at $11.041 billion, up $18 million compared to $11.023 billion on October 11.
Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $16.017 billion, down 94 million over the previous week.
The net reserves held by banks were recorded at $4.976 billion, registering a decrease of $112 million during the week.
According to Arif Habib Limited (AHL), the current reserves are enough for import cover of 1.97 months.