SBP reserves rise $191m to $12.93bn

The central bank's foreign exchange reserves rose 1.5pc on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On November 13, the foreign currency reserves held by the SBP were recorded at $12,931.2 million, up $191 million compared with $12,740.5 million in the previous week.

The overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,085.6 million. Net reserves held by banks amounted to $7,154.4 million.

The central bank cited no reason for the increase in reserves.