Pakistan's Forex Reserves Rise after Saudi Arabia places Funds with SBP

MG News | November 22, 2018 at 07:45 PM GMT+05:00

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According to data released by the State Bank of Pakistan, the total liquid foreign reserves held by the country stood at US$13,715.0 million on November 16, 2018

**Summary of Holding and Weekly Change**
Foreign reserves held by	Nov 16, 2018	Nov 09, 2018	Change	% Change
State Bank of Pakistan	7,286.50	7,482.90	-196.40	-2.62%
Net Foreign Reserves Held by Banks	6,428.50	6,349.10	79.40	1.25%
Total Liquid Foreign Reserves	13,715.00	13,832.00	-117.00	-0.85%

Amount in USD Million

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

SBP received US$ 1,000 million on November 19, 2018 as placement of funds by Saudi Arabia, after which SBP’s reserves stood at US$8,293.9 million and total liquid foreign reserves at US$14,722.4 million.

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KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	61,145.00	61,900.00 60,590.00	1310.00 2.19%
BRENT CRUDE	73.09	73.51 72.06	-0.65 -0.88%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	126.25	126.25 126.25	0.35 0.28%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	69.76	70.21 68.90	-0.58 -0.82%
SUGAR #11 WORLD	14.11	14.12 13.86	0.09 0.64%