SBP Reserves Post Increase of $27 Million in One Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $27 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 February 28, the foreign currency reserves held by the SBP were recorded at $11.250 billion, up $27 million compared to $11.222 billion on February 21. Total liquid forex reserves held by the country including net reserves held by banks other than the SBP, stood at $15.874 billion, down 52 million over the previous week. The net reserves held by banks were recorded at $4.624 billion, registering a decrease of $79 million during the week.