SBP reserves rise $29m to $11.29bn

MG News | November 21, 2024 at 06:41 PM GMT+05:00

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November 21, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $29.4 million or 0.26% WoW to $11.29 billion during the week ended on November 15, 2024, data released by State Bank of Pakistan showed on Thursday.

The country's total reserves inched up by $2.2m or 0.01% WoW to $15.97bn.

That was because the reserves held by commercial banks fell by $27.2m or 0.58% WoW to $4.68bn.

In the current fiscal year, SBP-held reserves have increased by $1.9bn or 20.22%.

Meanwhile, the current calendar year has seen an increase of $3.07bn or 37.3%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	November 15, 2024	November 08, 2024	Change	% Change
State Bank of Pakistan	11,288.0	11,258.6	29.4	0.26%
Net Foreign Reserves Held by Banks	4,679.7	4,706.9	-27.2	-0.58%
Total Liquid Foreign Reserves	15,967.7	15,965.5	2.2	0.01%

Amount in USD Million

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