SBP reserves rise $18.6m to $9.42bn

MG News | July 18, 2024 at 07:41 PM GMT+05:00

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July 18, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $18.6 million or 0.20% WoW to $9.42 billion during the week ended on July 12, 2024, data released by State Bank of Pakistan showed on Thursday.

Similarly, the country's total reserves increased by $58.8m or 0.40% WoW to $14.7bn.

The reserves held by commercial banks rose by $40.2m or 0.77% WoW to $5.28bn.

In the current fiscal year, SBP-held reserves have increased by $34.2m or 0.36%.

Meanwhile, the current calendar year has seen an increase of $1.2bn or 14.63%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	July 12, 2024	July 05, 2024	Change	% Change
State Bank of Pakistan	9,423.7	9,405.1	18.6	0.20%
Net Foreign Reserves Held by Banks	5,279.8	5,239.6	40.2	0.77%
Total Liquid Foreign Reserves	14,703.5	14,644.7	58.8	0.40%

Amount in USD Million

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