SBP Reserves Cross $9.5 Billion Level for First Time in Over Two Years  

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $43 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 13, the foreign currency reserves held by the SBP were recorded at $9.509 billion, up $43 million compared to $9.467 billion on September 06.  This is the first time since July 07, 2022, that the reserves held by the central bank have crossed the $9.5 billion mark.  Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14.826 billion, up $30 million over the previous week.  The net reserves held by banks were recorded at $5.317 billion, registering a decrease of $13 million during the week.