SBP reserves up $9m to $8,28bn

The foreign exchange reserves held by the State Bank of Pakistan increased 0.11pc on a weekly basis, according to data released by the central bank on Thursday.

On August 30, the foreign currency reserves held by the SBP were recorded at $8,280.5 million, as compared to $8,271.1 million in the previous week, an increase of $9 million. The central bank cited no reason for the increase in reserves.

The overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $15,619.5 million. Net reserves held by banks amounted to $7,339 million.