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Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $84 million on a weekly basis, clocking in at $11.26 billion as of November 8, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $15.97 billion. Net foreign reserves held by commercial banks stood at $4.71 billion.

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

“During the week ended on 08-Nov-2024, SBP reserves increased by US$ 84 million to US$ 11,258.6 million,” it said.

Last week, SBP foreign exchange reserves increased by $18 million.

Comments

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SAd Nov 14, 2024 07:34pm
Great Going by SBP but why commercial banks reserves are decreasing. They need to maintain their reserves under the threshold for $6B.
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Muahid Nov 15, 2024 12:36am
Keep growing
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