SBP reserves rise $18m in a week
MG News | November 07, 2024 at 06:59 PM GMT+05:00
November 07, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $18 million or 0.16% WoW to $11.175 billion during the week ended on November 01, 2024, data released by State Bank of Pakistan showed on Thursday.
On the other hand, the country's total reserves decreased by $117.2m or 0.73% WoW to $15.932bn.
This is because the reserves held by commercial banks fell by $135.4m or 2.78% WoW to $4.757bn.
In the current fiscal year, SBP-held reserves have increased by $1.785bn or 19%.
Meanwhile, the current calendar year has seen an increase of $2.95bn or 35.92%.
| Foreign reserves held by | November 01, 2024 | October 25, 2024 | Change | % Change |
|---|---|---|---|---|
| State Bank of Pakistan | 11,174.6 | 11,156.4 | 18 | 0.16% |
| Net Foreign Reserves Held by Banks | 4,757.2 | 4,892.6 | -135.4 | -2.78% |
| Total Liquid Foreign Reserves | 15,931.8 | 16,049.6 | -117.2 | -0.73% |
Amount in USD Million
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