SBP Reserves up $22 Million to Stay Just Above $9 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $22 million on a weekly basis according to data issued by the central bank on Thursday. On May 17, the foreign currency reserves held by the SBP were recorded at $9.157 billion, up $22 million compared to $9.136 billion on May 10. Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14.585 billion, down $41 million over the previous week. The net reserves held by banks stood at $5.428 billion, registering a decrease of $63 million during the week.