The foreign exchange reserves held by the central bank rose 0.74% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
On November 5, the foreign currency reserves held by the SBP were recorded at $17,326 million, up $126 million compared with $17,199.6 million on October 29.
According to the central bank, the increase came due to official government inflows.
Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $24,025.5 million. Net reserves held by banks amounted to $6,699.5 million.
Earlier in the week ended on August 27, the foreign exchange reserves soared to an all-time high.
Published in The Express Tribune, November 12th, 2021.