SBP reserves rose by $4.2bn or 93% in a week

MG News | July 20, 2023 at 09:12 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 20, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $4.203 billion or 92.9% WoW to $8.73 billion during the week ended on July 14, 2023, according to the data released by the central bank on Thursday.

Similarly, the country's total reserves rose by $4.23bn or 42.96% WoW to $14.07bn.

The reserves held by commercial banks rose by $23.6m or 0.44% WoW to $5.34bn.

This boost in reserves was attributed to substantial deposits received during the week, which included a $1.2bn immediate disbursement received from the International Monetary Fund (IMF), $2bn deposit from Saudi Arabia and an additional $1bn deposit from United Arab Emirates (UAE).

To note, this was the highest reserves held by the country since July 29, 2022.

**Summary of Holding and Weekly Change**
Foreign reserves held by	July 14, 2023	July 07, 2023	Change	% Change
State Bank of Pakistan	8727.2	4524	4203.2	92.91%
Net Foreign Reserves Held by Banks	5338.1	5314.5	23.6	0.44%
Total Liquid Foreign Reserves	14065.3	9838.5	4226.8	42.96%

Amount in USD Million

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,039.83 457.43M	2.69% 4639.92
ALLSHR	106,439.15 980.52M	2.42% 2511.25
KSE30	52,890.43 243.06M	2.84% 1462.27
KMI30	253,474.66 222.84M	2.73% 6731.57
KMIALLSHR	69,154.67 541.49M	2.45% 1654.73
BKTi	48,191.73 63.48M	2.59% 1217.44
OGTi	35,876.09 14.73M	1.97% 692.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,225.00	67,360.00 63,430.00	3565.00 5.60%
BRENT CRUDE	83.22	85.93 82.40	-4.11 -4.71%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	3.75 3.14%
ROTTERDAM COAL MONTHLY	125.00	125.00 125.00	-6.00 -4.58%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	80.49	82.42 79.70	-4.39 -5.17%
SUGAR #11 WORLD	13.65	13.90 13.61	-0.05 -0.37%