SBP reserves rise $19m to $9.29bn

News Image

By MG News | August 22, 2024 at 07:02 PM GMT+05:00

0:00

August 22, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $19.2 million or 0.21% WoW to $9.29 billion during the week ended on August 16, 2024, data released by State Bank of Pakistan showed on Thursday.

Similarly, the country's total reserves increased by $22.2m or 0.15% WoW to $14.67bn.

The reserves held by commercial banks rose by $3m or 0.06% WoW to $5.38bn.

Pakistan secured a $7 billion loan deal from the International Monetary Fund (IMF) in early July 2024, subject to approval by the IMF’s Executive Board.

Finance Minister Muhammad Aurangzeb yesterday said that the country is making good progress with the IMF and hopes to get board approval in September.

In the current fiscal year, SBP-held reserves have decreased by $97.7m or -1.04%.

Meanwhile, the current calendar year has seen an increase of $1.07bn or 13.02%.

Summary of Holding and Weekly Change

Foreign reserves held by August 16, 2024 August 09, 2024 Change % Change
State Bank of Pakistan 9,291.8 9,272.6 19.2 0.21%
Net Foreign Reserves Held by Banks 5,375.6 5,372.6 3.0 0.06%
Total Liquid Foreign Reserves 14,667.4 14,645.2 22.2 0.15%

Amount in USD Million

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,545.00 110,965.00
109,200.00
-740.00
-0.67%
BRENT CRUDE 69.00 69.14
68.32
-0.11
-0.16%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 109.15 109.80
109.15
0.15
0.14%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.39 67.58
66.65
-0.06
-0.09%
SUGAR #11 WORLD 16.12 16.20
15.44
0.54
3.47%

Chart of the Day


Latest News
July 03, 2025 at 05:39 PM GMT+05:00

Gold price in Pakistan rises Rs800 per tola


July 03, 2025 at 05:17 PM GMT+05:00

Microsoft exits Pakistan after 25 years


July 03, 2025 at 04:43 PM GMT+05:00

Privatisation Commission approves advisors for ZTBL


July 03, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Holding Ground


July 03, 2025 at 04:00 PM GMT+05:00

PKR strengthens 9 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg