SBP reserves fall $276.3m to $11.45bn

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

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	133,201.15 119.70M	-0.13% -168.99
ALLSHR	83,006.86 447.16M	-0.09% -74.30
KSE30	40,621.56 38.84M	-0.21% -83.75
KMI30	191,876.04 48.23M	-0.37% -704.64
KMIALLSHR	55,758.10 254.20M	-0.14% -77.61
BKTi	36,355.94 6.89M	0.11% 38.77
OGTi	28,420.85 3.69M	-0.43% -122.11

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,640.00	108,880.00 107,680.00	185.00 0.17%
BRENT CRUDE	69.41	69.50 69.03	-0.17 -0.24%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.90 3.07%
ROTTERDAM COAL MONTHLY	106.00	106.75 106.00	0.25 0.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.71	67.97 67.40	-0.22 -0.32%
SUGAR #11 WORLD	16.25	16.46 16.07	-0.13 -0.79%