SBP Reserves Post Marginal Increase, Rise to $14.27 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $18.1 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 Aug 22, the foreign currency reserves held by the SBP were recorded at $14.274 billion, up $18.1 million compared to $14.256 billion on Aug 15. Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $19.618 billion, up 47 million over the previous week. The net reserves held by banks were recorded at $5.344 billion, registering an increase of $28.9 million during the week.