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SBP Reserves Cross $11.2 Billion Mark With Another Weekly Increase

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increase by $84 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 November 8, the foreign currency reserves held by the SBP were recorded at $11.259 billion, up $84 million compared to $11.175 billion on November 1.  

Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $15.966 billion, up 34 million over the previous week.  

The net reserves held by banks were recorded at $4.707 billion, registering a decrease of $50 million during the week. 

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Published by
Umer Tariq