SBP reserves rise $18m to $11.04bn

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

Add Mettisglobal as a Trusted Source on Google

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

Petrol price edges up Rs0.39, diesel rises Rs2.40

BFC Islamabad facilitates Rs6.6bn investment, 20,000 jobs in first year

PM Shehbaz Sharif hails Moody’s upgrade of Pakistan’s credit rating to B3

Name	Price/Vol	%Chg/NChg
KSE100	176,966.69 443.75M	-0.11% -199.84
ALLSHR	107,599.76 930.31M	-0.04% -41.89
KSE30	52,644.53 124.88M	-0.05% -26.27
KMI30	251,515.82 172.78M	0.02% 55.29
KMIALLSHR	69,526.04 742.43M	0.16% 112.66
BKTi	49,762.20 16.68M	-0.45% -222.60
OGTi	36,831.30 31.09M	1.12% 408.26

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,830.00	81,350.00 78,710.00	1980.00 2.51%
BRENT CRUDE	92.26	92.90 91.72	0.09 0.10%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	-0.20 -0.18%
ROTTERDAM COAL MONTHLY	124.55	124.55 124.55	0.00 0.00%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	85.20	85.84 84.73	0.19 0.22%
SUGAR #11 WORLD	17.66	17.69 17.08	0.05 0.28%