SBP Reserves Strengthen Further, Hit $11.15 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $116 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 October 25, the foreign currency reserves held by the SBP were recorded at $11.156 billion, up $116 million compared to $11.041 billion on October 18. Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $16.049 billion, up 32 million over the previous week. The net reserves held by banks were recorded at $4.893 billion, registering a decrease of $84 million during the week.