SBP reserves fall by $134mn to $7.83bn

MG News | November 24, 2022 at 08:57 PM GMT+05:00

0:00

November 24, 2022 (MLN): Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $134million to $7.83 billion during the week ended on 18 Nov’22, according to the data released by the Central bank on Thursday.

"The decrease in foreign exchange reserves is attributed to external debt repayment", the statement issued by SBP read.

Reserves held by the commercial bank decreased by $17.4mn to $5.82bn.

Meanwhile, the total reserves held by the county increased by $151.2mn to $13.65bn.

It is important to note that the current level of foreign currency reserves is barely enough to cover 1.66 months of import bills.

Copyright Mettis Link News

Related News

Pakistan's Forex Reserves Increase by USD 43 Million

Pakistan attracts nearly $186m in FDI during September

SBP Launches New Framework to Strengthen Consumer Protection and Fair Business Conduct

Name	Price/Vol	%Chg/NChg
KSE100	163,213.93 186.59M	-0.06% -90.20
ALLSHR	99,357.75 432.09M	-0.02% -23.23
KSE30	49,783.36 58.68M	-0.12% -59.16
KMI30	237,955.54 29.92M	-0.06% -148.63
KMIALLSHR	65,523.22 194.99M	-0.10% -67.73
BKTi	45,592.31 33.04M	-0.25% -112.98
OGTi	32,556.28 1.83M	-0.35% -114.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,795.00	115,855.00 113,495.00	5055.00 4.56%
BRENT CRUDE	66.33	66.64 65.95	0.39 0.59%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.05 -1.29%
ROTTERDAM COAL MONTHLY	92.60	0.00 0.00	0.10 0.11%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.86	62.17 61.49	0.36 0.59%
SUGAR #11 WORLD	14.97	15.34 14.93	-0.32 -2.09%