SBP reserves rise by $15.2m in a week

MG News | May 16, 2024 at 07:35 PM GMT+05:00

0:00

May 16, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $15.2 million or 0.17% WoW to $9.14 billion during the week ended on May 10, 2024, according to the data released by the central bank on Thursday.

The central bank did not specify a reason for the increase.

"During the week ended on May 10, 2024, SBP reserves increased by $15m to $ 9.14bn", said a statement issued by SBP.

Similarly, the country's total reserves rose by $167.5m or 1.16% WoW to $14.63bn.

The reserves held by commercial banks rose by $152.3m or 2.85% WoW to $5.49bn.

In the current fiscal year, total liquid foreign reserves have increased by $5.47bn or 59.68%.

Meanwhile, the current calendar year has seen an increase of $1.95bn or 15.41%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	May 10, 2024	May 03, 2024	Change	% Change
State Bank of Pakistan	9135.5	9120.3	15.2	0.17%
Net Foreign Reserves Held by Banks	5490.9	5338.6	152.3	2.85%
Total Liquid Foreign Reserves	14626.4	14458.9	167.5	1.16%

Amount in USD Million

Copyright Mettis Link News

Related News

SBP’s April FX intervention stands at $473m

SBP Advises Banks to provide Digital Payment Solutions to Merchants

OMO Result : SBP injects Rs 2.66 Trillion for 7 Days

Name	Price/Vol	%Chg/NChg
KSE100	139,660.93 196.20M	0.90% 1248.68
ALLSHR	86,542.29 356.34M	0.98% 839.33
KSE30	42,675.90 81.36M	1.00% 421.06
KMI30	196,845.98 82.60M	1.41% 2736.39
KMIALLSHR	57,442.54 153.38M	1.29% 728.87
BKTi	37,936.54 13.40M	0.28% 105.21
OGTi	28,341.15 35.54M	3.28% 900.51

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	119,535.00	119,785.00 117,905.00	1915.00 1.63%
BRENT CRUDE	72.56	72.82 72.16	-0.68 -0.93%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	70.19	70.41 69.80	0.19 0.27%
SUGAR #11 WORLD	16.48	16.52 16.45	0.03 0.18%