SBP reserves rise $75m to $9.1bn

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

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

ECC approves Spectrum Auction Plan

APTMA warns Pakistan losing edge in global textile trade

National Wheat supply stable ahead of 2025-26 Food Year

Name	Price/Vol	%Chg/NChg
KSE100	171,073.73 239.25M	-0.08% -130.44
ALLSHR	103,120.18 648.63M	-0.20% -206.29
KSE30	52,237.50 75.59M	-0.16% -86.08
KMI30	243,705.75 64.55M	-0.42% -1027.98
KMIALLSHR	66,920.67 287.33M	-0.36% -243.91
BKTi	47,435.09 35.67M	0.57% 269.64
OGTi	33,136.01 4.63M	-0.58% -193.65

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,915.00	88,980.00 87,000.00	-475.00 -0.54%
BRENT CRUDE	62.15	62.27 61.82	0.08 0.13%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.65	96.65 96.65	0.25 0.26%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	58.06	58.17 57.76	0.05 0.09%
SUGAR #11 WORLD	15.06	15.07 14.96	0.07 0.47%