SBP reserves fell by $70m in a week

MG News | September 07, 2023 at 06:14 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 07, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) diminished by $70 million or 0.89% WoW to $7.78 billion during the week ended on September 01, 2023, according to the data released by the central bank on Thursday.

The decline in reserves was due to debt repayment.

Similarly, the country's total reserves declined by $44.4m or 0.34% WoW to $13.13bn.

The reserves held by commercial banks rose by $25.6m or 0.48% WoW to $5.35bn.

**Summary of Holding and Weekly Change**
Foreign reserves held by	September 01, 2023	August 25, 2023	Change	% Change
State Bank of Pakistan	7779.3	7849.3	-70.00	-0.89%
Net Foreign Reserves Held by Banks	5347.4	5321.8	25.6	0.48%
Total Liquid Foreign Reserves	13126.7	13171.1	-44.4	-0.34%

Amount in USD Million

Copyright Mettis Link News

Related News

Key Pakistan Market Stats and Economic Indicators

SBP’s FX Purchases Jump to USD 1.02bn in September

Name	Price/Vol	%Chg/NChg
KSE100	175,802.79 267.06M	-1.30% -2320.78
ALLSHR	106,568.29 617.78M	-1.25% -1352.24
KSE30	52,497.68 83.82M	-1.25% -665.92
KMI30	247,323.37 106.69M	-1.37% -3422.76
KMIALLSHR	68,315.26 363.70M	-1.37% -952.13
BKTi	49,936.11 23.35M	-1.18% -594.28
OGTi	34,758.02 9.23M	-1.71% -605.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,625.00	64,625.00 63,980.00	355.00 0.55%
BRENT CRUDE	88.26	88.38 83.71	4.03 4.78%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.65 -0.61%
ROTTERDAM COAL MONTHLY	119.80	120.30 119.80	0.00 0.00%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	81.77	82.07 77.93	3.49 4.46%
SUGAR #11 WORLD	14.82	14.94 14.39	0.38 2.63%