The State Bank of Pakistan (SBP) reported a modest rise in its foreign exchange reserves on a weekly basis, marking the first increase after three consecutive weeks of decline. According to data released by the central bank on Thursday, the reserves held by the SBP stood at $11.725 billion as of January 10, reflecting a $30 million increase from $11.695 billion recorded on January 3.

The overall liquid foreign currency reserves of the country, which include net reserves held by banks other than the SBP, also saw an uptick. Total reserves reached $16.451 billion, up $73 million compared to the previous week.

Meanwhile, the net reserves held by commercial banks rose to $4.726 billion, an increase of $42 million from $4.683 billion recorded last week.