Pakistan’s Foreign Reserves Post Slight Weekly Increase

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $23 million on a weekly basis, according to data issued by the central bank on Thursday. According to the latest data released by the SBP as of April 4, the foreign currency reserves held by the SBP were recorded at $10.69 billion, up $23 million compared to $10.67 billion on March 28. Total liquid forex reserves held by the country, including net reserves held by banks other than the SBP, stood at $15.75 billion, up $173 million over the previous week. The net reserves held by banks were recorded at $5.053 billion, registering an increase of $149 million during the week.