KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by $3 million to $7.96 billion as of November 11, according to data issued by the central bank on Thursday.Pakistan’s total liquid foreign reserves are $13.8 billion, with commercial banks holding $5.84 billion in net foreign reserves.
“During the week ending November 11, SBP’s reserves climbed by $3 million to $7,959.5 million,” SBP said in a statement, without saying where the money came from.The central bank’s reserves fell by $956 million as a result of debt payments, falling to $7.96 billion as of November 4, 2022.Last week, Finance Minister Ishaq Dar announced that the Asian Infrastructure Investment Bank (AIIB) would provide $500 million in co-financing for a Pakistan development program.
