SBP Reserves Close in on $9.5 Billion Mark After Another Weekly Increase

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $30 million on a weekly basis according to data issued by the central bank on Thursday. According to the latest data released by the SBP, on September 06, the foreign currency reserves held by the SBP were recorded at $9.467 billion, up $30 million compared to $9.437 billion on August 30. Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14.796 billion, up 56 million over the previous week. The net reserves held by banks were recorded at $5.330 billion, registering an increase of $26 million during the week.