Pakistan’s Foreign Reserves Post Slight Increase

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $49 million on a weekly basis according to data issued by the central bank on Thursday. According to the latest data released by the SBP, on March 14, the foreign currency reserves held by the SBP were recorded at $11.147 billion, up $39 million compared to $11.098 billion on March 7. Total liquid forex reserves held by the country including net reserves held by banks other than the SBP, stood at $16.016 billion, up 87 million over the previous week. The net reserves held by banks were recorded at $4.869 billion, registering an increase of $37 million during the week.