SBP-led forex exchange reserves surge $106mn

Karachi: The country's foreign exchange reserves swelled by $106 million on a weekly basis, clocking in at $10.81 billion as of October 4, data released on Thursday showed.

According to the State Bank of Pakistan (SBP), total liquid foreign reserves held by the country stood at $16.05 billion. Net foreign reserves held by commercial banks stood at $5.24 billion.

The central bank did not specify a reason for the increase in reserves.

“During the week ended on 04-Oct-2024, SBP reserves increased by US$ 106 million to US$ 10,808.0 million,” the central bank further said.