SBP reserves rise $19m to $9.29bn

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

Add Mettisglobal as a Trusted Source on Google

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	177,373.76 236.42M	-0.95% -1710.04
ALLSHR	106,122.88 1,067.33M	-0.79% -846.42
KSE30	51,735.03 151.51M	-0.95% -495.26
KMI30	253,872.99 123.80M	-0.86% -2200.84
KMIALLSHR	68,578.42 494.23M	-0.64% -445.16
BKTi	48,841.40 32.08M	-1.14% -564.09
OGTi	35,095.69 8.93M	-0.04% -15.18

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,775.00	71,540.00 70,695.00	-730.00 -1.02%
BRENT CRUDE	95.16	95.84 95.06	-0.66 -0.69%
RICHARDS BAY COAL MONTHLY	127.15	127.15 127.15	0.90 0.71%
ROTTERDAM COAL MONTHLY	136.65	136.65 136.00	0.50 0.37%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	88.06	88.92 88.04	-0.68 -0.77%
SUGAR #11 WORLD	18.22	18.56 17.96	-0.26 -1.41%