Pakistan’s foreign exchange reserves, held by the State Bank of Pakistan (SBP), rose by $116 million to reach a 31-month high of $11.16 billion for the week ending October 25, as reported in the central bank’s weekly update released on Thursday.

It was the 14th consecutive week of increase in the SBP’s foreign exchange reserves, during which they surged over $2 billion.

The country’s overall liquid foreign currency reserves, which include net reserves held by banks other than the SBP, reached $16.049 billion, reflecting an increase of $32 million over the previous week.

However, the net reserves held by banks decreased by $84 million during the same period, bringing the total to $4.893 billion.