SBP Reserves Surge to $11.17 Billion Following Latest Boost

The State Bank of Pakistan (SBP) reports a weekly increase of $18 million in foreign exchange reserves, as shown in data released by the central bank on Thursday.

The most recent information available from the SBP indicates that their foreign currency reserves were $11.175 billion on November 1, an increase of $18 million from $11.156 billion on October 25, according to their most recent data release.

With a decrease of 117 million dollars from the previous week, the total value of the country’s liquid foreign currency reserves—which include net reserves held by banks other than the SBP—is $15.932 billion.

Net reserves kept by banks were $4.75 billion, which is $117 million less than the previous week.