SBP reserves decreased by $172.5m in a week

MG News | February 09, 2024 at 06:59 PM GMT+05:00

0:00

February 09, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $172.5 million or 2.1% WoW to $8.04 billion during the week ended on February 02, 2024, according to the data released by the central bank on Friday.

During the week, SBP’s reserves decreased due to debt repayments, the central bank said.

Similarly, the country's total reserves decreased by $164.9m or 1.24% WoW to $13.1bn.

The reserves held by commercial banks rose by $7.6m or 0.15% WoW to $5.05bn.

In the current fiscal year, total liquid foreign reserves have increased by $3.94bn or 42.99%.

Meanwhile, the current calendar year has seen a decrease of $0.12bn or 0.93%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	February 02, 2024	January 26, 2024	Change	% Change
State Bank of Pakistan	8044	8216.5	-172.50	-2.1%
Net Foreign Reserves Held by Banks	5053.6	5046	7.6	0.15%
Total Liquid Foreign Reserves	13097.6	13262.5	-164.9	-1.24%

Amount in USD Million

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