ISLAMABAD: The Foreign exchange reserve held by the State Bank of Pakistan increased by US $558 million to US $12,740.5 million during the week ending on November 06, 2020, State Bank of Pakistan (SBP) reported Thursday.

The total liquid foreign reserves held by the country stood at US $19,906.9 million.

According the break-up figures, the foreign reserves held by the State Bank of Pakistan stood at US $ 12,740.5 million whereas the net foreign reserves held by commercial banks stood at US$ 7,166.4 million.

The increase in reserves mainly attributed to receipt of US$ 500 million as GOP loan proceeds.