SBP reserves rise by $15.2m in a week
MG News | May 16, 2024 at 07:35 PM GMT+05:00
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%.
| 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

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