SBP reserves jump another $116m to $11.16bn
MG News | October 31, 2024 at 07:16 PM GMT+05:00
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%.
| 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
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