SBP reserves rise $75m to $9.1bn

MG News | August 01, 2024 at 06:37 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

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%.

**Summary of Holding and Weekly Change**
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

Copyright Mettis Link News

Related News

Pakistan slashes FY26 fiscal deficit 46% to Rs3.3tr

Pakistan posts strongest fiscal turnaround in decades

SECP approves Agro Processors IPO for PSX listing

Name	Price/Vol	%Chg/NChg
KSE100	180,104.61 388.90M	-0.11% -206.60
ALLSHR	108,838.05 888.10M	-0.14% -150.10
KSE30	53,603.57 82.09M	-0.20% -109.40
KMI30	252,988.26 112.53M	-0.14% -356.16
KMIALLSHR	69,789.36 622.55M	0.02% 11.95
BKTi	51,939.19 21.86M	-0.35% -181.79
OGTi	35,691.88 10.10M	0.01% 3.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,260.00	64,115.00 62,865.00	-195.00 -0.31%
BRENT CRUDE	87.67	89.07 85.85	-1.31 -1.47%
RICHARDS BAY COAL MONTHLY	110.25	110.50 110.25	-0.50 -0.45%
ROTTERDAM COAL MONTHLY	122.00	122.00 122.00	-0.60 -0.49%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	81.89	83.30 80.09	-1.38 -1.66%
SUGAR #11 WORLD	16.75	16.84 16.27	0.33 2.01%