FX Reserves increase by $1.63bn in a week

MG News | February 11, 2022 at 12:17 AM GMT+05:00

0:00

February 10, 2022 (MLN): The foreign exchange reserves held by the country increased by $1.63 billion or 7% WoW to stand at $23.72 billion during the week ended on February 4, 2022, compared to $22.08bn in the previous week, mainly due to $1bn received from International Monetary Fund (IMF) under Extended Fund Facility (EFF) program, weekly data released by the State Bank of Pakistan (SBP) on Thursday showed.

In addition, proceeds against the issuance of Pakistan International Sukuk Bond worth $1bn were also received in the week.

As per the data, reserves held by the central bank during the week jumped by $1.6bn or 10% WoW to $17.3bn.

Similarly, the reserves of commercial banks inched up slightly by $27.2mn or 0.4% WoW to $6.38bn from $6.35bn in the previous week.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,687.18 521.41M	-0.15% -248.01
ALLSHR	98,075.27 1,212.38M	0.09% 85.63
KSE30	48,950.98 123.60M	-0.27% -132.15
KMI30	230,724.42 106.87M	-0.37% -866.15
KMIALLSHR	63,750.70 842.75M	0.03% 20.32
BKTi	44,377.56 31.96M	-0.30% -133.71
OGTi	31,123.97 14.36M	-0.34% -105.13

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,940.00	96,100.00 92,975.00	1575.00 1.67%
BRENT CRUDE	64.30	64.48 63.67	-0.09 -0.14%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	-0.25 -0.29%
ROTTERDAM COAL MONTHLY	96.45	0.00 0.00	0.30 0.31%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.02	60.18 59.32	-0.07 -0.12%
SUGAR #11 WORLD	14.67	14.94 14.65	-0.29 -1.94%