SBP reserves rise $18m to $11.04bn

MG News | October 24, 2024 at 06:21 PM GMT+05:00

0:00

October 24, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $18 million or 0.16% WoW to $11.04 billion during the week ended on October 18, 2024, data released by State Bank of Pakistan showed on Thursday.

On the other hand, the country's total reserves decreased by $94.2m or 0.58% WoW to $16.02bn.

That was because the reserves held by commercial banks fell by $112.2m or 2.20% WoW to $4.98bn.

In the current fiscal year, SBP-held reserves have increased by $1.65bn or 17.59%.

Meanwhile, the current calendar year has seen an increase of $2.82bn or 34.3%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	October 18, 2024	October 11, 2024	Change	% Change
State Bank of Pakistan	11,040.7	11,022.7	18.0	0.16%
Net Foreign Reserves Held by Banks	4,976.4	5,088.6	-112.2	-2.20%
Total Liquid Foreign Reserves	16,017.1	16,111.3	-94.2	-0.58%

Amount in USD Million

Copyright Mettis Link News

Related News

One year deadline set for Karachi Chaman highway

MG Morning Breeze: Updates to Skim before Market

SBP raises Rs546bn in PIB auction

Name	Price/Vol	%Chg/NChg
KSE100	181,040.17 202.47M	-0.84% -1529.65
ALLSHR	108,913.91 597.96M	-0.69% -760.57
KSE30	55,488.62 84.21M	-0.97% -540.92
KMI30	253,489.44 76.35M	-0.99% -2540.23
KMIALLSHR	69,514.68 267.55M	-0.68% -476.57
BKTi	53,050.33 24.47M	-0.93% -497.69
OGTi	36,536.29 19.71M	-0.16% -58.32

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	96,885.00	97,700.00 95,985.00	-1080.00 -1.10%
BRENT CRUDE	64.41	65.36 64.15	-2.11 -3.17%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.90 -2.14%
ROTTERDAM COAL MONTHLY	98.45	0.00 0.00	1.00 1.03%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	59.88	61.01 59.68	-2.14 -3.45%
SUGAR #11 WORLD	14.65	14.68 14.60	-0.03 -0.20%