SBP reserves jump $106m to $10.81bn
MG News | October 10, 2024 at 07:36 PM GMT+05:00
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%.
| 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
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