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	170,741.35 410.45M	0.52% 876.82
ALLSHR	103,176.20 904.54M	0.44% 451.08
KSE30	51,932.10 160.24M	0.51% 261.68
KMI30	245,585.80 136.41M	0.55% 1354.98
KMIALLSHR	67,531.86 525.58M	0.58% 390.03
BKTi	45,672.13 42.39M	0.35% 160.88
OGTi	34,337.06 26.90M	1.63% 550.01

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,645.00	90,250.00 87,745.00	-795.00 -0.88%
BRENT CRUDE	60.87	61.50 60.70	-0.25 -0.41%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.15 1.28%
ROTTERDAM COAL MONTHLY	96.50	96.50 96.50	-0.20 -0.21%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.13	57.80 56.96	-0.31 -0.54%
SUGAR #11 WORLD	14.82	15.13 14.82	-0.28 -1.85%