SBP reserves fall $276.3m to $11.45bn

MG News | January 23, 2025 at 07:01 PM GMT+05:00

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January 23, 2025 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $276.3 million or 2.36% WoW to $11.45 billion during the week ended on January 17, 2025, data released by State Bank of Pakistan showed on Thursday.

Similarly, the country's total reserves decreased by $261.6m or 1.59% WoW to $16.19bn.

The reserves held by commercial banks rose by $14.7m or 0.31% WoW to $4.74bn.

In the current fiscal year, SBP-held reserves have increased by $2.06bn or 21.93%.

Meanwhile, the current calendar year has seen a decrease of $261.8m or -2.24%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	January 17, 2025	January 10, 2025	Change	% Change
State Bank of Pakistan	11,448.7	11,725.0	-276.3	-2.36%
Net Foreign Reserves Held by Banks	4,740.6	4,725.9	14.7	0.31%
Total Liquid Foreign Reserves	16,189.3	16,450.9	-261.6	-1.59%

Amount in USD Million

The central bank also released monthly data which shows its reserves have decreased by $306.20m to $11.7317bn in December 2024 from $12.0379bn a month ago.

Compared to $8.23bn from December 2023, SBP's reserves have increased by $3,498.30m or 42.49%.

Net foreign reserves held by commercial banks stood at $4.19bn compared to $4.09bn from a month ago showing an increase of $105.1m. Compared to $4.43 from a year ago, reserves of Banks have decreased by $244.1m.

Total liquid foreign reserves held by the country at the end of December 2024 stood at $15.92bn compared to $16.13bn from the previous month showing a net decrease of $201.1m.

Compared to the corresponding month from last year, Pakistan's total reserves increased by $3.25bn or 25.68%.

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