SBP reserves jump $106m to $10.81bn

MG News | October 10, 2024 at 07:36 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 10, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $106.3 million or 0.99% WoW to $10.81 billion during the week ended on October 04, 2024, data released by State Bank of Pakistan showed on Thursday.

Similarly, the country's total reserves increased by $64.1m or 0.40% WoW to $16.05bn.

On the other hand, the reserves held by commercial banks fell by $42.2m or 0.80% WoW to $5.24bn.

Last week, SBP reserves surged by $1.17bn amid the first loan tranche from the International Monetary Fund (IMF) under EFF program.

In the current fiscal year, SBP-held reserves have increased by $1.42bn or 15.11%.

Meanwhile, the current calendar year has seen an increase of $2.59bn or 31.46%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	October 04, 2024	September 27, 2024	Change	% Change
State Bank of Pakistan	10,808.0	10,701.7	106.3	0.99%
Net Foreign Reserves Held by Banks	5,239.0	5,281.2	-42.2	-0.80%
Total Liquid Foreign Reserves	16,047.0	15,982.9	64.1	0.40%

Amount in USD Million

Copyright Mettis Link News

Related News

Govt cuts petrol price by Rs4.08/litre, HSD down Rs2.45 from Aug 4

Cement dispatches grow 6% despite nearly 30% drop in exports

JazzWorld H1 revenue jumps 23% to Rs269bn on digital growth

Name	Price/Vol	%Chg/NChg
KSE100	178,200.02 255.20M	1.20% 2105.91
ALLSHR	107,584.98 781.26M	0.99% 1054.09
KSE30	53,213.70 96.14M	1.40% 733.48
KMI30	251,278.11 116.52M	1.65% 4080.05
KMIALLSHR	68,998.60 372.91M	1.20% 820.07
BKTi	50,801.28 26.71M	0.96% 482.11
OGTi	34,855.82 7.44M	1.57% 539.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,160.00	64,315.00 62,350.00	1030.00 1.63%
BRENT CRUDE	83.53	84.66 81.55	-4.40 -5.00%
RICHARDS BAY COAL MONTHLY	107.75	0.00 0.00	-0.50 -0.46%
ROTTERDAM COAL MONTHLY	118.50	121.00 118.50	-3.50 -2.87%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	79.96	81.30 78.43	-4.71 -5.56%
SUGAR #11 WORLD	15.01	15.06 14.61	0.35 2.39%