The State Bank of Pakistan (SBP) reported a $27 million increase in its foreign exchange reserves on a weekly basis, according to data released on Thursday.

As of February 28, the SBP’s foreign currency reserves stood at $11.250 billion, reflecting a rise from $11.222 billion recorded on February 21.

However, the country’s total liquid foreign exchange reserves, which include net reserves held by banks other than the SBP, declined by $52 million over the week, amounting to $15.874 billion.

The net reserves held by commercial banks were recorded at $4.624 billion, marking a decrease of $79 million during the same period.