SBP reserves surge by $111.6m in a week
MG News | August 29, 2024 at 06:08 PM GMT+05:00
August 29, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $111.6 million or 1.2% WoW to $9.4 billion during the week ended on August 23, 2024, data released by State Bank of Pakistan showed on Thursday.
Similarly, the country's total reserves increased by $108.9m or 0.74% WoW to $14.78bn.
The reserves held by commercial banks, on the other hand, dropped by $2.7m or 0.05% WoW to $5.37bn.
In the current fiscal year, SBP-held reserves have increased by $13.8m or 0.15%.
Meanwhile, the current calendar year has seen an increase of $1.17bn or 14.21%.
| Foreign reserves held by | August 23, 2024 | August 16, 2024 | Change | % Change |
|---|---|---|---|---|
| State Bank of Pakistan | 9,403.4 | 9,291.8 | 111.9 | 1.2% |
| Net Foreign Reserves Held by Banks | 5,372.9 | 5,375.6 | -2.7 | -0.05% |
| Total Liquid Foreign Reserves | 14,776.3 | 14,667.4 | 22.2 | 0.74% |
Amount in USD Million
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