Official reserve assets rise to $15.13bn as of May

News Image

MG News | June 12, 2024 at 04:25 PM GMT+05:00

0:00

June 12, 2024 (MLN): The official reserve assets, including foreign currency reserves, reserve position in funds, Special Drawing Rights (SDRs), gold, and other reserve assets, rose to $15.13 billion as of May 2024 compared to $15.05bn recorded in the previous month.

This translates to a rise of $78.03m or 0.5% MoM.

According to the monthly data published by State Bank of Pakistan (SBP) on Wednesday, the foreign currency reserves, which consist of securities, currency, and deposits held with other central banks and banks in Pakistan and abroad, stood at $5.2bn as against $4.78bn held a month earlier, depicting a rise of $419.39m or 8.8%

The gold reserves, which include gold deposits and swapped gold stood at $4.88bn, up $85.78m or 1.8% from the previous month's $4.8bn.

Meanwhile, the country's other reserve assets were recorded at $4.07bn, down $276.6m or 6.4% from $4.35bn a month earlier.

The data further details that SDRs amounted to $974.14m, down $150.54m or 13.4% from $1.12bn the previous month.

To note, the SDR is an international reserve asset. It is not a currency, but its value is based on a basket of five currencies, the US dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.

Additionally, the reserve position in funds, which represents Pakistan’s quota in the IMF, was $0.16m, unchanged from the previous month.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 156,177.82
367.85M
-0.00%
-3.12
ALLSHR 95,630.38
1,498.37M
-0.06%
-60.44
KSE30 47,678.47
206.79M
-0.08%
-35.92
KMI30 229,682.22
174.86M
-0.02%
-39.87
KMIALLSHR 64,366.76
638.47M
-0.08%
-53.31
BKTi 41,922.80
89.51M
-0.11%
-46.72
OGTi 31,735.79
16.87M
-0.80%
-255.97
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,860.00 117,685.00
115,580.00
-1230.00
-1.05%
BRENT CRUDE 68.22 68.59
67.79
-0.25
-0.37%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.50 93.50
93.50
0.15
0.16%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.31 64.67
63.83
-0.21
-0.33%
SUGAR #11 WORLD 16.24 16.59
16.23
-0.32
-1.93%

Chart of the Day


Latest News
September 17, 2025 at 05:37 PM GMT+05:00

Auction Result: Govt raises Rs201bn through T-bills


September 17, 2025 at 04:59 PM GMT+05:00

Hala Enterprises to increase weaving capacity by 75%


September 17, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Flatlined but Holding On


September 17, 2025 at 03:55 PM GMT+05:00

PKR strengthens 0.91 paisa against USD


September 17, 2025 at 03:19 PM GMT+05:00

Gold price in Pakistan falls Rs2,400 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg