SBP Reserves Near $11.5 Billion After Increase of Over $130 Million in One Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increase by $131 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 November 22, the foreign currency reserves held by the SBP were recorded at $11.419 billion, up $131 million compared to $11.288 billion on November 15. The increase saw the reserves held by the central bank to the highest since March 2022, an over 31 months high.     Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $16.076 billion, up 109 million over the previous week.     The net reserves held by banks were recorded at $4.658 billion, registering a decrease of $22 million during the week.