SBP reserves fall $143m to $11.71bn

By MG News | January 02, 2025 at 07:27 PM GMT+05:00

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January 02, 2025 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $143 million or 1.21% WoW to $11.71 billion during the week ended on December 27, 2024, data released by State Bank of Pakistan showed on Thursday.

This decrease it attributed to the external debt repayments.

On the other hand, the country's total reserves increased by $37.2m or 0.23% WoW to $16.41bn.

The reserves held by commercial banks rose by $180.2m or 3.99% WoW to $4.7bn.

In the current fiscal year, SBP-held reserves have increased by $2.32bn or 24.72%.

Meanwhile, the current calendar year has seen an increase of $3.49bn or 42.44%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	December 27, 2024	December 20, 2024	Change	% Change
State Bank of Pakistan	11,710.5	11,853.5	-143.0	-1.21%
Net Foreign Reserves Held by Banks	4,698.2	4,518.0	180.2	3.99%
Total Liquid Foreign Reserves	16,408.7	16,371.5	37.2	0.23%

Amount in USD Million

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