SBP reserves rise $75m to $9.1bn
MG News | August 01, 2024 at 06:37 PM GMT+05:00
August 01, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $75 million or 0.83% WoW to $9.1 billion during the week ended on July 26, 2024, data released by State Bank of Pakistan showed on Thursday.
Similarly, the country's total reserves increased by $56.3m or 0.39% WoW to $14.39bn.
The reserves held by commercial banks fell by $18.7m or 0.35% WoW to $5.29bn.

In the current fiscal year, SBP-held reserves have decreased by $287.3m or 3.06%.
In a recent development, Pakistan has secured a $7 billion loan deal from the International Monetary Fund (IMF), subject to approval by the IMF’s Executive Board.
Meanwhile, the current calendar year has seen an increase of $881m or 10.72%.
| Foreign reserves held by | July 26, 2024 | July 19, 2024 | Change | % Change |
|---|---|---|---|---|
| State Bank of Pakistan | 9,102.2 | 9,027.2 | 75.0 | 0.83% |
| Net Foreign Reserves Held by Banks | 5,289.5 | 5,308.2 | -18.7 | -0.35% |
| Total Liquid Foreign Reserves | 14,391.7 | 14,335.4 | 56.3 | 0.39% |
Amount in USD Million
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