SBP reserves rose by $77m in a week

News Image

MG News | November 30, 2023 at 06:55 PM GMT+05:00

0:00

November 30, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $77 million or 1.07% WoW to $7.26 billion during the week ended on November 24, 2023, according to the data released by the central bank on Thursday.

Similarly, the country's total reserves rose by $90.5m or 0.74% WoW to $12.39bn.

The reserves held by commercial banks rose by $13.5m or 0.26% WoW to $5.14bn.

In a recent development, Pakistan has secured initial approval from the International Monetary Fund (IMF) for the release of the next loan tranche under the current $3bn loan program.

Pending approval by the IMF's Executive Board, the agreement will grant Pakistan access to SDR 528m, which is around $700m.

To note, towards the end of FY23, the IMF being a last resort saved Pakistan from a sovereign debt default with a $3bn Stand-by Arrangement (SBA).

The initial disbursement of $1.2bn from the IMF, alongside $3bn bilateral inflows from the Arab countries gave a substantial boost to the depleting foreign reserves held by the country.

Consequently, in the current fiscal year, total liquid foreign reserves have increased by $3.23bn or 35.29%.

Meanwhile, the current calendar year has seen an increase of $1.55bn or 14.27%.

Summary of Holding and Weekly Change

Foreign reserves held by November 24, 2023 November 17, 2023 Change % Change
State Bank of Pakistan 7257 7180 77.00 1.07%
Net Foreign Reserves Held by Banks 5135.8 5122.3 13.5 0.26%
Total Liquid Foreign Reserves 12392.8 12302.3 90.5 0.74%

Amount in USD Million

Copyright Mettis Link News

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 167,659.24
601.70M
0.85%
1416.34
ALLSHR 101,800.18
931.21M
0.66%
667.36
KSE30 51,280.94
140.12M
0.77%
394.33
KMI30 242,199.83
69.95M
0.45%
1083.18
KMIALLSHR 66,897.32
592.81M
0.57%
377.88
BKTi 48,340.04
90.09M
1.32%
628.97
OGTi 32,684.13
10.87M
0.82%
265.52
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,270.00 111,160.00
107,705.00
-2805.00
-2.53%
BRENT CRUDE 61.14 61.20
60.58
0.13
0.21%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.50
-1.83%
ROTTERDAM COAL MONTHLY 92.75 92.75
92.75
-0.25
-0.27%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 57.14 57.20
56.60
0.12
0.21%
SUGAR #11 WORLD 15.77 15.78
15.51
0.27
1.74%

Chart of the Day


Latest News
October 21, 2025 at 10:54 AM GMT+05:00

NEPRA revises K-Electric tariff, lowers rate to Rs32.37/unit


October 21, 2025 at 10:46 AM GMT+05:00

Japan elects Sanae Takaichi as first female PM


October 21, 2025 at 10:21 AM GMT+05:00

EFERT targets end-2025 for Phase 1 of gas pressure project



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg