SBP reserves rise $18m to $11.04bn
MG News | October 24, 2024 at 06:21 PM GMT+05:00
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%.
| 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
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