SBP reserves rise $13m to $12.05bn

The foreign exchange reserves held by the State Bank of Pakistan increased $13 million or 0.11pc to $12,054.9 million in the week ending July 10, compared to $12,041.6 million in the previous week, the central bank said on Thursday.

Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $18,952.6 million. Net reserves held by banks amounted to $6,897.7 million.

The central bank gave no reason for the increase in reserves.