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

Pakistan consolidates economic stability: FM

Govt clarifies camera policy for tile industry

Pakistan set to make Olive its new economic identity

Name	Price/Vol	%Chg/NChg
KSE100	166,553.28 727.76M	-0.47% -793.56
ALLSHR	101,296.66 1,567.06M	-0.28% -289.04
KSE30	50,903.27 227.71M	-0.57% -289.80
KMI30	241,347.86 135.29M	-0.16% -394.95
KMIALLSHR	66,524.37 778.95M	-0.27% -179.92
BKTi	47,779.01 130.29M	-0.85% -408.88
OGTi	32,913.20 28.90M	0.79% 259.34

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,995.00	108,120.00 107,055.00	50.00 0.05%
BRENT CRUDE	64.35	64.50 61.38	3.03 4.94%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	92.75	0.00 0.00	0.70 0.76%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	59.96	60.16 59.64	1.46 2.50%
SUGAR #11 WORLD	15.13	15.44 15.03	-0.11 -0.72%