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

SBP reserves rise to $14.59bn in a week

SBP lowers remuneration rate on Special Cash Reserve Account for December

Pakistan's Forex Reserves Decrease by USD 133.20 Million

Name	Price/Vol	%Chg/NChg
KSE100	169,864.53 309.70M	0.77% 1289.83
ALLSHR	102,725.13 871.92M	0.54% 553.85
KSE30	51,670.42 144.06M	0.97% 495.07
KMI30	244,230.82 127.19M	0.88% 2126.86
KMIALLSHR	67,141.83 400.81M	0.66% 438.06
BKTi	45,511.25 34.21M	0.74% 335.27
OGTi	33,787.05 15.45M	0.86% 288.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,330.00	93,070.00 89,640.00	-1680.00 -1.83%
BRENT CRUDE	61.22	61.86 60.81	-0.06 -0.10%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.00 1.11%
ROTTERDAM COAL MONTHLY	97.30	97.30 97.30	0.90 0.93%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.53	58.19 57.15	-0.07 -0.12%
SUGAR #11 WORLD	15.10	15.27 14.83	0.25 1.68%