SBP reserves diminished by $124.8m in a week

MG News | August 24, 2023 at 06:44 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 24, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) diminished by $124.8 million or 1.55% WoW to $7.93 billion during the week ended on August 18, 2023, according to the data released by the central bank on Thursday.

The decline was due to debt repayments.

Similarly, the country's total reserves diminished by $130.6m or 0.98% WoW to $13.25bn.

The reserves held by commercial banks fell by $5.8m or 0.11% WoW to $5.32bn.

**Summary of Holding and Weekly Change**
Foreign reserves held by	August 18, 2023	August 11, 2023	Change	% Change
State Bank of Pakistan	7930.5	8055.3	-124.80	-1.55%
Net Foreign Reserves Held by Banks	5317.9	5323.7	-5.8	-0.11%
Total Liquid Foreign Reserves	13248.4	13379	-130.6	-0.98%

Amount in USD Million

Copyright Mettis Link News

Related News

Key Pakistan Market Stats and Economic Indicators

SBP’s FX Purchases Jump to USD 1.02bn in September

Name	Price/Vol	%Chg/NChg
KSE100	175,285.78 248.39M	1.02% 1766.97
ALLSHR	106,536.82 578.97M	1.02% 1073.42
KSE30	52,320.98 90.24M	1.18% 611.36
KMI30	246,775.63 72.73M	0.99% 2407.71
KMIALLSHR	68,372.65 345.21M	0.84% 569.39
BKTi	49,718.24 37.75M	1.43% 700.72
OGTi	35,126.27 7.30M	0.44% 154.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,190.00	65,740.00 64,585.00	475.00 0.73%
BRENT CRUDE	85.88	86.55 83.32	1.15 1.36%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.25 -1.17%
ROTTERDAM COAL MONTHLY	120.00	120.00 120.00	0.65 0.54%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	80.38	80.93 78.19	1.04 1.31%
SUGAR #11 WORLD	14.86	14.99 14.71	-0.02 -0.13%