SBP-held forex reserves surge $13mn

Karachi: The State Bank of Pakistan (SBP)-led foreign exchange reserves increased by $13 million on a weekly basis, clocking in at $12.05 billion as of December 6.

According to data released by the central bank on Thursday, total liquid foreign reserves held by the country stood at $16.60bn. Net foreign reserves held by commercial banks stood at $4.55bn.

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

“During the week ended on 06-Dec-2024, SBP reserves increased by US$ 13 million to US$ 12,050.8 million,” it said.