SBP reserves fall $228m to $11.85bn

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

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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

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