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SBP reserves grow to $11.17 billion after latest increase

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Web Desk

ISLAMABAD: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $18 million on a weekly basis, according to data released by the central bank on Thursday.

According to the latest data released by the State Bank, foreign currency reserves with the State Bank on November 1 were recorded at $11.175 billion, which is $18 million more than $11.156 billion on October 25.

The country’s total liquid foreign currency reserves, including net reserves held by banks other than the SBP, were $15.932 billion, down 117 million from the previous week.

Net deposits held by banks were recorded at $4.757 billion, a decrease of $117 million during the week.

Web Desk

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