SBP reserves decrease by 541m in a week

MG News | July 27, 2023 at 08:35 PM GMT+05:00

0:00

July 27, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) diminished by $541.1 million or 6.2% WoW to $8.19 billion during the week ended on July 21, 2023, according to the data released by the central bank on Thursday.

The decrease was mainly due to external debt payments.

Similarly, the country's total reserves decreased by $531.2m or 3.78% WoW to $13.53bn.

The reserves held by commercial banks rose by $9.9m or 0.19% WoW to $5.35bn.

**Summary of Holding and Weekly Change**
Foreign reserves held by	July 21, 2023	July 14, 2023	Change	% Change
State Bank of Pakistan	8186.1	8727.2	-541.10	-6.2%
Net Foreign Reserves Held by Banks	5348	5338.1	9.9	0.19%
Total Liquid Foreign Reserves	13534.1	14065.3	-531.2	-3.78%

Amount in USD Million

Copyright Mettis Link News

Related News

SBP reserves rise to $14.59bn in a week

SBP lowers remuneration rate on Special Cash Reserve Account for December

Pakistan's Forex Reserves Decrease by USD 133.20 Million

Name	Price/Vol	%Chg/NChg
KSE100	171,404.49 326.40M	-0.32% -556.16
ALLSHR	103,442.24 795.99M	-0.21% -217.04
KSE30	52,413.79 113.03M	-0.27% -143.72
KMI30	244,645.84 109.10M	-0.15% -378.05
KMIALLSHR	67,050.27 450.39M	-0.02% -14.08
BKTi	47,413.54 37.21M	-0.37% -176.81
OGTi	33,419.75 8.88M	-0.20% -67.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,895.00	89,510.00 85,135.00	3075.00 3.63%
BRENT CRUDE	60.55	60.65 59.40	0.73 1.22%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.54	56.72 55.61	0.54 0.96%
SUGAR #11 WORLD	14.85	14.87 14.45	0.37 2.56%