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SBP reserves exceed $11.2 billion following weekly rise

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Web Desk

ISLAMABAD: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $84 million on a weekly basis, according to data released by the central bank on Thursday.

On November 8, the foreign exchange reserves held by the State Bank were recorded at $11.259 billion, up by $84 million from $11.175 billion on November 1.

The country’s overall liquid foreign exchange reserves, including net reserves held by banks other than the SBP, stood at $15.966 billion, up by $34 million from the previous week.

Net reserves held by banks were recorded at $4.707 billion, down by $50 million during the week.

Web Desk

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