SBP reserves rise $12.5m to $12.05bn
MG News | December 12, 2024 at 06:28 PM GMT+05:00
December 12, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $12.5 million or 0.10% WoW to $12.05 billion during the week ended on December 06, 2024, data released by State Bank of Pakistan showed on Thursday.
On the other hand, the country's total reserves decreased by $19.1m or 0.11% WoW to $16.6bn.
The reserves held by commercial banks fell by $31.6m or 0.69% WoW to $4.55bn.
The central bank's reserves remain elevated, reaching levels last seen in March 2022.
Last week, SBP reserves rose by $619.8 million, or 5.43%, due to loan proceeds from the Asian Development Bank (ADB) for the Climate Change and Disaster Resilience Enhancement Program (CDREP).
In the current fiscal year, SBP-held reserves have increased by $2.66bn or 28.34%.
Meanwhile, the current calendar year has seen an increase of $3.83bn or 46.58%.
| Foreign reserves held by | December 06, 2024 | November 29, 2024 | Change | % Change |
|---|---|---|---|---|
| State Bank of Pakistan | 12,050.8 | 12,038.3 | 12.5 | 0.10% |
| Net Foreign Reserves Held by Banks | 4,550.1 | 4,581.7 | -31.6 | -0.69% |
| Total Liquid Foreign Reserves | 16,600.9 | 16,620.0 | -19.1 | -0.11% |
Amount in USD Million
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