SBP Reserves Post Increase of $75 Million After Major Decline Last Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $75 million on a weekly basis according to data issued by the central bank on Thursday. According to the latest data released by the central bank, on July 26, the foreign currency reserves held by the SBP were recorded at $9.102 billion, up $75 million compared to $9.027 billion on July 19. Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14.392 billion. The net reserves held by banks stood at $5.290 billion, registering a decline of $19 million during the week.