The State Bank of Pakistan (SBP) reported an increase of $84 million in its foreign exchange reserves on a weekly basis, according to data released by the central bank on Thursday. As of November 8, the SBP’s foreign currency reserves stood at $11.259 billion, up from $11.175 billion on November 1.
The country’s total liquid foreign currency reserves, which include net reserves held by banks other than the SBP, reached $15.966 billion, marking an increase of $34 million over the previous week.
However, the net reserves held by banks saw a decrease, falling by $50 million to $4.707 billion during the same period. This fluctuation in reserves reflects ongoing adjustments in the country’s foreign exchange holdings.