SBP reserves dip by $278mn in a week

MG News | September 22, 2022 at 09:21 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 22, 2022 ( MLN): Foreign exchange reserves of the State Bank of Pakistan (SBP) declined by $278 million to $8.34 billion during the week ended on September 16, 2022, mainly due to external debt payments, the central bank announced on Thursday.

The SBP reported that the country’s total foreign exchange reserves fell by $248mn to $14.1bn, while the holdings of the commercial banks were up by $30mn to $5.720bn during the week.

Meanwhile, it is important to note that the current level of reserves is barely enough to cover 1.2 months of imports.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,021.20 228.53M	-0.42% -718.25
ALLSHR	103,836.39 572.65M	-0.41% -422.85
KSE30	50,951.99 89.47M	-0.52% -264.77
KMI30	240,633.87 93.99M	-0.31% -756.80
KMIALLSHR	66,572.75 300.61M	-0.28% -185.59
BKTi	48,673.23 31.18M	-0.70% -343.86
OGTi	33,702.25 6.35M	-0.61% -205.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,470.00	64,470.00 63,875.00	255.00 0.40%
BRENT CRUDE	98.70	101.19 95.13	-1.99 -1.98%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.70 0.58%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	90.47	92.83 87.68	-1.72 -1.87%
SUGAR #11 WORLD	14.76	14.79 14.54	0.07 0.48%