SBP Reserves Post Slight Increase, Cross $11.4 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $46 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 January 31, the foreign currency reserves held by the SBP were recorded at $11.418 billion, up $46 million compared to $11.372 billion on January 24.   Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $16.044 billion, down 8 million over the previous week.   The net reserves held by banks were recorded at $4.626 billion, registering a decrease of $55 million during the week.