SBP reserves surge above $11bn

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

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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

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