SBP-held foreign exchange reserves increase $30mn, now stand at $9.47bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $30 million on a weekly basis, clocking in at $9.47 billion as of September 6, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $14.8 billion. Net foreign reserves held by commercial banks stood at $5.33 billion.

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

“During the week ended on 06-Sep-2024, SBP reserves increased by US$ 30 million to US$ 9,466.6 million,” it said.

Last week, SBP foreign exchange reserves increased by $33 million.