The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $70 million on a weekly basis, reported 24NewsHDTV Channel on Thursday.
According to data issued by the central bank on Thursday as of May 23, the foreign currency reserves held by the SBP were recorded at $11.516 billion, up $70 million compared to $11.447 billion on May 16.
Total liquid forex reserves held by the country, including net reserves held by banks other than the SBP, stood at $16.637 billion, down 12 million over the previous week. The net reserves held by banks were recorded at $5.121 billion, registering a fall of $82 million during the week. However, Commercial banks' reserves decreased by $80 million to $5.12 billion. The country's total foreign exchange reserves decreased by $120 million to $16.63 billion.