SBP Reserves Rise to $11.17 Billion After Another Increase

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increase by $18 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 November 1, the foreign currency reserves held by the SBP were recorded at $11.175 billion, up $18 million compared to $11.156 billion on October 25.  Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $15.932 billion, down 117 million over the previous week.  The net reserves held by banks were recorded at $4.757 billion, registering a decrease of $117 million during the week.