SBP reserves rise $240m to $8.68bn

The foreign exchange reserves held by the central bank rose 2.84pc on a weekly basis, as per the data released by the State Bank of Pakistan (SBP) on Thursday.

On November 22, the foreign currency reserves held by the SBP were recorded at $8,682.3 million, up $240 million compared with $8,442.1 million in the previous week. The central bank attributed the increase to official inflows.

The overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $15,577.7 million. Net reserves held by banks amounted to $6,895.4 million.