SBP reserves fall $276.3m to $11.45bn

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

Add Mettisglobal as a Trusted Source on Google

0:00

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%.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	180,104.61 388.90M	-0.11% -206.60
ALLSHR	108,838.05 888.10M	-0.14% -150.10
KSE30	53,603.57 82.09M	-0.20% -109.40
KMI30	252,988.26 112.53M	-0.14% -356.16
KMIALLSHR	69,789.36 622.55M	0.02% 11.95
BKTi	51,939.19 21.86M	-0.35% -181.79
OGTi	35,691.88 10.10M	0.01% 3.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,975.00	63,150.00 62,800.00	0.00 0.00%
BRENT CRUDE	88.82	88.95 86.20	1.75 2.01%
RICHARDS BAY COAL MONTHLY	110.00	110.00 110.00	-0.65 -0.59%
ROTTERDAM COAL MONTHLY	122.30	122.30 122.30	0.30 0.25%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	82.40	82.99 80.71	1.15 1.42%
SUGAR #11 WORLD	16.60	16.85 16.50	-0.22 -1.31%