SBP-held foreign exchange reserves increase $29mn, now stand at $11.29bn – Markets

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $29 million on a weekly basis, clocking in at $11.29 billion as of November 15, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $15.97 billion. Net foreign reserves held by commercial banks stood at $4.68 billion.

The central bank did not specify a reason for the increase in reserves.

“During the week ended on 15-Nov-2024, SBP reserves increased by US$ 29 million to US$ 11,288.0 million,” it said.

Last week, SBP foreign exchange reserves increased by $84 million.

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $29 million on a weekly basis, clocking in at $11.29 billion as of November 15, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $15.97 billion. Net foreign reserves held by commercial banks stood at $4.68 billion.

The central bank did not specify a reason for the increase in reserves.

“During the week ended on 15-Nov-2024, SBP reserves increased by US$ 29 million to US$ 11,288.0 million,” it said.

Last week, SBP foreign exchange reserves increased by $84 million.