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%.

Amount in USD Million

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Posted on: 2024-12-12T18:28:14+05:00