SBP reserves rise by $33m

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $33 million during the week ending Aug 20. On Thursday, the central bank announced that the SBP reserves had risen to $9.436 billion. However, it didn’t disclose the source of this inflow. During the week, the country’s overall reserves increased to $14.739bn, including $5.303bn held by commercial banks.