The State Bank of Pakistan (SBP) reported an increase of $31 million in its foreign exchange reserves on a weekly basis, according to data released on Thursday. As of December 13, the SBP’s reserves stood at $12.082 billion, up from $12.051 billion recorded on December 6. This marks the highest level of reserves held by the central bank since March 2022.

The country’s overall liquid foreign currency reserves, which include net reserves held by banks other than the SBP, were recorded at $16.601 billion. This reflects a decline of $19 million compared to the previous week.

Meanwhile, net reserves held by commercial banks showed a slight increase, rising to $4.551 billion from $4.550 billion the week before.