SBP reserves surge above $11bn

MG News | October 17, 2024 at 06:43 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 17, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) jumped further by $214.7 million or 1.99% WoW to $11.02 billion during the week ended on October 11, 2024, data released by State Bank of Pakistan showed on Thursday.

Similarly, the country's total reserves increased by $64.3m or 0.40% WoW to $16.11bn.

The reserves held by commercial banks fell by $150.4m or 2.87% WoW to $5.09bn.

In the current fiscal year, SBP-held reserves have increased by $1.63bn or 17.39%.

Meanwhile, the current calendar year has seen an increase of $2.8bn or 34.08%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	October 11, 2024	October 04, 2024	Change	% Change
State Bank of Pakistan	11,022.7	10,808.0	214.7	1.99%
Net Foreign Reserves Held by Banks	5,088.6	5,239.0	-150.4	-2.87%
Total Liquid Foreign Reserves	16,111.3	16,047.0	64.3	0.40%

Amount in USD Million

Copyright Mettis Link News

Related News

12 Pakistani firms sign investment deals to expand into Saudi Arabia

Govt pushes ahead with FBR faceless reform

Govt boosts corporate debt market

Name	Price/Vol	%Chg/NChg
KSE100	175,802.79 267.06M	-1.30% -2320.78
ALLSHR	106,568.29 617.78M	-1.25% -1352.24
KSE30	52,497.68 83.82M	-1.25% -665.92
KMI30	247,323.37 106.69M	-1.37% -3422.76
KMIALLSHR	68,315.26 363.70M	-1.37% -952.13
BKTi	49,936.11 23.35M	-1.18% -594.28
OGTi	34,758.02 9.23M	-1.71% -605.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,515.00	65,000.00 63,980.00	245.00 0.38%
BRENT CRUDE	88.26	88.38 83.71	4.03 4.78%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.65 -0.61%
ROTTERDAM COAL MONTHLY	119.80	120.30 119.80	0.00 0.00%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	81.77	0.00 0.00	-0.01 -0.01%
SUGAR #11 WORLD	14.82	14.94 14.39	0.38 2.63%