SBP reserves rise $12.5m to $12.05bn

MG News | December 12, 2024 at 06:28 PM GMT+05:00

0:00

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%.

**Summary of Holding and Weekly Change**
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

Copyright Mettis Link News

Related News

Key Pakistan Market Stats and Economic Indicators

Pakistan gains investor spotlight amid SIFC push

Pakistan’s industry, farms soar with 2,164 GWh power uptake

Name	Price/Vol	%Chg/NChg
KSE100	150,398.71 270.15M	-1.06% -1612.55
ALLSHR	90,084.08 469.39M	-0.93% -849.88
KSE30	45,453.36 99.47M	-1.14% -522.50
KMI30	218,271.12 195.05M	-0.92% -2019.44
KMIALLSHR	58,965.48 294.49M	-0.81% -483.69
BKTi	41,775.34 33.94M	-0.76% -317.96
OGTi	31,328.42 11.96M	-0.61% -192.61

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,165.00	67,625.00 66,480.00	-15.00 -0.02%
BRENT CRUDE	109.24	109.74 99.08	8.08 7.99%
RICHARDS BAY COAL MONTHLY	112.50	0.00 0.00	6.40 6.03%
ROTTERDAM COAL MONTHLY	113.00	114.50 113.00	-0.40 -0.35%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	112.06	113.97 97.50	11.94 11.93%
SUGAR #11 WORLD	14.96	15.50 14.91	-0.33 -2.16%