Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $19 million on a weekly basis, clocking in at $9.42 billion as of July 12, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $14.7 billion. Net foreign reserves held by commercial banks stood at $5.28 billion.

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

“During the week ended on 12-July-2024, SBP reserves increased by US$ 19 million to US$ 9,423.7 million,” it said.

Last week, SBP foreign exchange reserves increased by $16 million.