KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 1% on a weekly basis on March 4, according to data released by the central bank on Thursday.

SBP’s liquid foreign exchange reserves increased by $157 million to $15,664 million compared to $15,507 million in the previous week.

Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,522 million while net reserves held by banks amounted to $4,858.3 million.

Last month, foreign exchange reserves held by the SBP increased 3.5% on a weekly basis after it received $500 million from the IMF.

The SBP received $918 million in November from multilateral, bilateral and other official sources, which include $500 million received from the World Bank and $400 million from the Asian Development Bank.

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