The State Bank of Pakistan (SBP) reported a $29 million increase in its foreign exchange reserves on a weekly basis, according to data released by the central bank on Thursday.

As of November 15, the SBP’s foreign currency reserves were recorded at $11.288 billion, up from $11.259 billion on November 8. This marks a modest increase in the central bank’s reserves.

The country’s overall liquid foreign currency reserves, which include net reserves held by banks other than the SBP, rose to $15.968 billion, reflecting a $2 million increase over the previous week.

However, the net reserves held by banks decreased by $28 million, bringing the total to $4.680 billion during the same period