The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $35 million on a weekly basis, according to data released by the central bank on Thursday. As of February 14, the SBP’s foreign currency reserves were recorded at $11.202 billion, up from $11.167 billion on February 7.

While the central bank’s reserves had crossed the $12 billion mark towards the end of November 2024, they have experienced a decline in recent weeks due to external debt repayments, with a decrease of approximately $250 million noted in the previous week.

In total, the overall liquid foreign currency reserves held by the country, which includes net reserves held by banks other than the SBP, amounted to $15.948 billion, reflecting an increase of $85 million compared to the previous week. The net reserves held by commercial banks were recorded at $4.746 billion, showing an increase of $50 million during the same period.