SBP reserves cross $11.5bn mark 

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $14.3 million on a weekly basis. 

According to a statement issued by the central bank, the foreign currency reserves held by the SBP were recorded at $ 11,503.7 million on January 3, compared with $11,489.4 million as on December 27. 

The SBP 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, rose to $18,084.8 million from $18,081.4 million. 

Net reserves held by banks, however, fell to $6,581.1 million, from $6,592 million.