Overview
- State Bank of Pakistan holdings rose by $22 million to $14.5246 billion for the week ended November 7, according to official data.
- Total liquid foreign reserves reached $19.7239 billion, with commercial banks holding $5.1993 billion.
- The uptick extends a recent streak of modest weekly increases that included gains of $31 million, $16 million, $14 million, and $21 million.
- Earlier large moves were driven by official inflows and government multilateral and commercial loans, following a sharp mid-year drawdown for debt service.
- The rupee closed unchanged at Rs280.76 per US dollar in inter-bank trading as the latest data were released.