Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $18 million on a weekly basis, clocking in at $11.17 billion as of November 1, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $15.93 billion. Net foreign reserves held by commercial banks stood at $4.76 billion.

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

“During the week ended on 01-Nov-2024, SBP reserves increased by US$ 18 million to US$ 11,174.6 million,” it said.

Last week, SBP foreign exchange reserves increased by $116 million.