SBP reserves fall $228m to $11.85bn

MG News | December 26, 2024 at 07:34 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 26, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $228 million or 1.89% WoW to $11.85 billion during the week ended on December 20, 2024, data released by State Bank of Pakistan showed on Thursday.

SBP attributed this decline to external debt repayment.

Similarly, the country's total reserves decreased by $261.2m or 1.57% WoW to $16.37bn.

The reserves held by commercial banks fell by $33.2m or 0.73% WoW to $4.52bn.

In the current fiscal year, SBP-held reserves have increased by $2.46bn or 26.24%.

Meanwhile, the current calendar year has seen an increase of $3.63bn or 44.18%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	December 20, 2024	December 13, 2024	Change	% Change
State Bank of Pakistan	11,853.5	12,081.5	-228.0	-1.89%
Net Foreign Reserves Held by Banks	4,518.0	4,551.2	-33.2	-0.73%
Total Liquid Foreign Reserves	16,371.5	16,632.7	-261.2	-1.57%

Amount in USD Million

Copyright Mettis Link News

Related News

12 Pakistani firms sign investment deals to expand into Saudi Arabia

Govt pushes ahead with FBR faceless reform

Govt boosts corporate debt market

Name	Price/Vol	%Chg/NChg
KSE100	175,802.79 267.06M	-1.30% -2320.78
ALLSHR	106,568.29 617.78M	-1.25% -1352.24
KSE30	52,497.68 83.82M	-1.25% -665.92
KMI30	247,323.37 106.69M	-1.37% -3422.76
KMIALLSHR	68,315.26 363.70M	-1.37% -952.13
BKTi	49,936.11 23.35M	-1.18% -594.28
OGTi	34,758.02 9.23M	-1.71% -605.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,700.00	65,235.00 63,980.00	430.00 0.67%
BRENT CRUDE	90.17	91.42 89.10	2.07 2.35%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.25 -1.17%
ROTTERDAM COAL MONTHLY	119.80	0.00 0.00	0.10 0.08%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	83.47	84.60 82.88	1.69 2.07%
SUGAR #11 WORLD	14.82	0.00 0.00	-0.01 -0.07%