SBP reserves jump another $116m to $11.16bn

MG News | October 31, 2024 at 07:16 PM GMT+05:00

0:00

October 31, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $115.7 million or 1.05% WoW to $11.16 billion during the week ended on October 25, 2024, data released by State Bank of Pakistan showed on Thursday.

Similarly, the country's total reserves increased by $31.9m or 0.20% WoW to $16.05bn.

The reserves held by commercial banks fell by $83.8m or 1.68% WoW to $4.89bn.

In the current fiscal year, SBP-held reserves have increased by $1.77bn or 18.82%.

Meanwhile, the current calendar year has seen an increase of $2.94bn or 35.7%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	October 25, 2024	October 18, 2024	Change	% Change
State Bank of Pakistan	11,156.4	11,040.7	115.7	1.05%
Net Foreign Reserves Held by Banks	4,892.6	4,976.4	-83.8	-1.68%
Total Liquid Foreign Reserves	16,049.0	16,017.1	31.9	0.20%

Amount in USD Million

Copyright Mettis Link News

Related News

Pakistan gets to the root of olive authenticity

MG Morning Breeze: Updates to Skim before Market

ECC to decide on Rs200bn DISCOs injection, social sector grants

Name	Price/Vol	%Chg/NChg
KSE100	171,404.49 326.40M	-0.32% -556.16
ALLSHR	103,442.24 795.99M	-0.21% -217.04
KSE30	52,413.79 113.03M	-0.27% -143.72
KMI30	244,645.84 109.10M	-0.15% -378.05
KMIALLSHR	67,050.27 450.39M	-0.02% -14.08
BKTi	47,413.54 37.21M	-0.37% -176.81
OGTi	33,419.75 8.88M	-0.20% -67.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,895.00	0.00 0.00	-165.00 -0.19%
BRENT CRUDE	60.55	60.65 59.40	0.73 1.22%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.54	0.00 0.00	0.02 0.04%
SUGAR #11 WORLD	14.85	14.87 14.45	0.37 2.56%