SBP Reserves Cross $11 Billion for First Time in 2.5 Years 

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $215 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 October 11, the foreign currency reserves held by the SBP were recorded at $11.023 billion, up $215 million compared to $10.808 billion on October 4.  Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $16.111 billion, up 64 million over the previous week.  The net reserves held by banks were recorded at $5.089 billion, registering a decrease of $150 million during the week.  The current reserves are the highest since April 1, 2022, when they stood at $11.319 billion.