Pakistan’s Foreign Reserves Rise by Over $100 Million in One Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by over $100 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 May 02, the foreign currency reserves held by the SBP were recorded at $10.333 billion, up $118 million compared to $10.214 billion on April 25. Total liquid forex reserves held by the country, including net reserves held by banks other than the SBP, stood at $15.483 billion, up $231 million over the previous week. The net reserves held by banks were recorded at $5.150 billion, registering an increase of $113 million during the week.