SBP-held foreign exchange reserves increase $13mn, now stand at $12.05bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $13 million on a weekly basis, clocking in at $12.05 billion as of December 6, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $16.60 billion. Net foreign reserves held by commercial banks stood at $4.55 billion.

The central bank did not specify a reason for the increase in reserves.

“During the week ended on 06-Dec-2024, SBP reserves increased by US$ 13 million to US$ 12,050.8 million,” it said.

Last week, SBP foreign exchange reserves increased by $620 million, aided by an inflow of $500 million from the Asian Development Bank (ADB).