SBP reserves rise $21.5m in a week

MG News | May 23, 2024 at 07:21 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

May 23, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $21.5 million or 0.24% WoW to $9.16 billion during the week ended on May 17, 2024, according to the data released by the central bank on Thursday.

The central bank did not specify a reason for the increase.

"During the week ended on May 17, 2024, SBP reserves increased by $22m to $9.16bn," said a statement issued by SBP.

On the other hand, the country's total reserves fell by $41m or 0.28% WoW to $14.59bn.

This was because the reserves held by commercial banks declined by $62.5m or 1.14% WoW to $5.43bn.

In the current fiscal year, total liquid foreign reserves have increased by $5.43bn or 59.23%.

Meanwhile, the current calendar year has seen an increase of $1.91bn or 15.09%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	May 17, 2024	May 10, 2024	Change	% Change
State Bank of Pakistan	9157	9135.5	21.5	0.24%
Net Foreign Reserves Held by Banks	5428.4	5490.9	-62.5	-1.14%
Total Liquid Foreign Reserves	14585.4	14626.4	-41.0	-0.28%

Amount in USD Million

Copyright Mettis Link News

Related News

Govt retires Rs783bn debt in a week

M2 falls by Rs324bn in a week

PM , Bill Gates reaffirm commitment to polio eradication

Name	Price/Vol	%Chg/NChg
KSE100	172,232.51 274.72M	0.48% 830.43
ALLSHR	104,231.80 770.81M	0.45% 469.06
KSE30	51,283.80 81.94M	0.56% 285.23
KMI30	246,825.53 115.46M	0.88% 2160.35
KMIALLSHR	67,683.64 528.71M	0.58% 392.70
BKTi	47,595.92 11.48M	0.25% 116.71
OGTi	35,380.90 5.06M	0.66% 231.80

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	85,805.00	87,350.00 85,770.00	-485.00 -0.56%
BRENT CRUDE	98.98	100.00 97.91	-0.27 -0.27%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.90 5.61%
ROTTERDAM COAL MONTHLY	137.10	137.10 137.10	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	89.61	90.52 88.71	-0.91 -1.01%
SUGAR #11 WORLD	18.57	18.70 18.26	0.01 0.05%