SBP reserves surge above $11bn

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

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

Pakistan invites Turkish firms to expand investment

Pakistan to launch digital currency pilot

Pakistan kicks off Beijing Roadshow for first-ever Panda Bond

Name	Price/Vol	%Chg/NChg
KSE100	133,330.11 124.45M	0.57% 753.12
ALLSHR	83,448.42 414.09M	0.56% 464.75
KSE30	40,500.39 19.20M	0.35% 141.60
KMI30	191,376.39 23.89M	0.34% 649.07
KMIALLSHR	55,961.37 204.39M	0.47% 262.89
BKTi	36,605.48 7.85M	1.00% 363.41
OGTi	28,207.03 2.60M	-0.41% -116.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,810.00	112,170.00 111,395.00	-435.00 -0.39%
BRENT CRUDE	70.36	70.42 69.91	0.17 0.24%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.45 1.51%
ROTTERDAM COAL MONTHLY	108.00	109.00 107.95	0.90 0.84%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.49	68.57 68.04	0.11 0.16%
SUGAR #11 WORLD	16.54	16.61 16.08	0.41 2.54%