SBP reserves rise $18m in a week

MG News | November 07, 2024 at 06:59 PM GMT+05:00

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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%.

**Summary of Holding and Weekly Change**
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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