SBP reserves rise $24m to $9.53bn

MG News | September 26, 2024 at 07:03 PM GMT+05:00

0:00

September 26, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $24 million or 0.25% WoW to $9.53 billion during the week ended on September 20, 2024, data released by State Bank of Pakistan showed on Thursday.

Similarly, the country's total reserves increased by $46.6m or 0.31% WoW to $14.87bn.

The reserves held by commercial banks rose by $22.6m or 0.43% WoW to $5.34bn.

The Executive Board of the International Monetary Fund (IMF) on Wednesday concluded the 2024 Article IV consultation and approved a 37-month Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan in the amount of SDR 5,320 million (262% of quota, or around US$7 billion).

The Board’s decision allows for an immediate disbursement of SDR 760m (or about US$1bn), said a press release issued by the Fund.

In the current fiscal year, SBP-held reserves have increased by $144.1m or 1.53%.

Meanwhile, the current calendar year has seen an increase of $1.31bn or 15.96%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	September 20, 2024	September 13, 2024	Change	% Change
State Bank of Pakistan	9,533.6	9,509.6	24.0	0.25%
Net Foreign Reserves Held by Banks	5,339.5	5,316.9	22.6	0.43%
Total Liquid Foreign Reserves	14,873.1	14,826.5	46.6	0.31%

Amount in USD Million

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,265.00	0.00 0.00	-510.00 -0.47%
BRENT CRUDE	67.46	67.94 67.29	-0.52 -0.76%
RICHARDS BAY COAL MONTHLY	88.70	88.70 88.70	-0.75 -0.84%
ROTTERDAM COAL MONTHLY	96.15	96.75 96.00	-0.40 -0.41%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	0.00 0.00	0.00 0.00%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%