SBP reserves up 1.1pc to $7.89bn

The foreign exchange reserves held by the State Bank of Pakistan increased 1.14pc on a weekly basis.

According to data released by the central bank on Thursday, the foreign currency reserves held by SBP were recorded at $7,892.7 million as of October 18, up $79 million compared with $7,813.7 million in the previous week.

The report cited no reason for the increase in reserves.

Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $15,186.5 million. Net reserves held by banks amounted to $7,293.8 million.