KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) improved by $23 million to $10.699 billion during the week ending on April 4, reported the central bank on Thursday.

The country`s overall foreign reserves stood at $15.752bn, including $5.053bn held by commercial banks during the week.

The SBP reserves are expected to rise by $1bn after the release of the second tranche, already approved by the IMF board.