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.

Read Foreign exchange: SBP reserves rise $126m to $17.33b

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.

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