The State Bank of Pakistan (SBP) has reported an increase of $33 million in its foreign exchange reserves, according to data released by the central bank on Thursday. This rise brings the SBP’s reserves to their highest level since July 7, 2023.

As of August 30, the SBP’s foreign currency reserves were recorded at $9.437 billion, up from $9.403 billion on August 23. This increase highlights a positive trend in the central bank’s reserve holdings.

However, the overall liquid foreign currency reserves of the country, which include net reserves held by banks other than the SBP, experienced a decline. The total reserves stood at $14.740 billion, marking a decrease of $36 million from the previous week.

The net reserves held by banks were recorded at $5.303 billion, showing a decline of $70 million during the same period.