SBP Reserves Post Slight Increase for First Time in Four Weeks 

The foreign exchange reserves held by the State Bank of Pakistan (SBP) went up slightly 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 10, the foreign currency reserves held by the SBP were recorded at $11.725 billion, up $30 million compared to $11.695 billion on January 3. This is the first increase in central bank’s reserves on a weekly basis after three straight declines.  Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $16.451 billion, up 73 million over the previous week.   The net reserves held by banks were recorded at $4.726 billion, up $42 million from $4.683 billion last week.