Pakistan's Forex Reserves fall to USD 13.832 Billion

By MG News | November 15, 2018 at 08:55 PM GMT+05:00

0:00

Pakistan's reserves fell to their lowest level since Dec 05, 2014 having declined by around 6.87% over the past month and by over 30.5% from the corresponding period from last year (Nov 03, 2017) as, according to data released by the State Bank of Pakistan, the country's total liquid foreign reserves stood at USD13,832 Million on November 09 2018.

In a statement issued earlier Moody's highlighted that Pakistan's reserves adequacy is among the lowest of rated sovereigns, covering less than two months of imports as of September 2018.

**Summary of Holding and Weekly Change**
Foreign reserves held by	Nov 09, 2018	Nov 02, 2018	Change	% Change
State Bank of Pakistan	7,482.90	7,678.90	-196.00	-2.55%
Net Foreign Reserves Held by Banks	6,349.10	6,389.20	-40.10	-0.63%
Total Liquid Foreign Reserves	13,832.00	14,068.10	-236.10	-1.68%

Amount in USD Million

According to the SBP it’s reserves decreased due to external debt servicing and other official payments.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	130,344.03 345.26M	1.67% 2144.61
ALLSHR	81,023.99 1,019.96M	1.55% 1236.37
KSE30	39,908.26 141.37M	2.05% 803.27
KMI30	189,535.00 149.94M	1.40% 2619.39
KMIALLSHR	54,783.66 507.74M	1.07% 581.78
BKTi	34,940.73 55.76M	4.37% 1464.05
OGTi	28,296.06 15.89M	1.19% 333.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,260.00	108,340.00 105,440.00	2510.00 2.37%
BRENT CRUDE	67.60	67.75 66.94	0.49 0.73%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	103.80	0.00 0.00	-3.70 -3.44%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.90	66.06 65.23	0.45 0.69%
SUGAR #11 WORLD	15.84	15.97 15.77	0.14 0.89%