After fallin­g for past two weeks, the reserv­es rise slight­lyKARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) edged up 0.05% on a weekly basis, according to data released by the central bank on Thursday. On November 24, foreign currency reserves held by the central bank were recorded at $13,547.3 million, up $6.2 million or 0.05% compared to $13,541.1 million in the previous week, according to the central bank. Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $19,693.2 million. Net reserves held by banks amounted to $6,145.9 million. SBP’s reserves fall 1% to stand at $13.54bA few months ago, foreign currency reserves surged due to official inflows including $622 million from the Asian Development Bank (ADB) and $106 million from the World Bank.

Source: The Express Tribune November 30, 2017 14:10 UTC