The State Bank of Pakistan (SBP) reported an increase in its foreign exchange reserves, which rose by $18 million on a weekly basis, according to data released by the central bank on Thursday.

As of November 1, the SBP’s foreign currency reserves were recorded at $11.175 billion, marking an $18 million increase from the $11.156 billion reported on October 25.

However, the overall liquid foreign currency reserves held by the country, which include net reserves held by banks other than the SBP, decreased by $117 million over the previous week, totaling $15.932 billion.

The net reserves held by banks were recorded at $4.757 billion, reflecting a decrease of $117 million during the week.