SBP reserves surge by $111.6m in a week

News Image

MG News | August 29, 2024 at 06:08 PM GMT+05:00

0:00

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%.

Summary of Holding and Weekly Change

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

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 154,277.19
471.37M
1.06%
1611.47
ALLSHR 94,348.18
1,076.75M
0.89%
835.46
KSE30 47,063.22
194.28M
1.21%
563.54
KMI30 223,849.80
250.88M
1.57%
3467.85
KMIALLSHR 63,265.69
539.59M
0.90%
566.38
BKTi 42,116.21
179.13M
1.12%
468.14
OGTi 31,247.50
31.17M
1.21%
373.42
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 112,060.00 113,810.00
110,480.00
1815.00
1.65%
BRENT CRUDE 65.67 67.05
65.07
-1.32
-1.97%
RICHARDS BAY COAL MONTHLY 87.75 0.00
0.00
-0.75
-0.85%
ROTTERDAM COAL MONTHLY 94.80 95.40
94.80
-0.70
-0.73%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 61.97 63.49
61.45
-1.51
-2.38%
SUGAR #11 WORLD 15.58 15.74
15.51
-0.11
-0.70%

Chart of the Day


Latest News
September 06, 2025 at 12:02 PM GMT+05:00

Pakistan to experience major internet slowdown


September 06, 2025 at 11:36 AM GMT+05:00

SBP raises over Rs654bn through Fixed Rate PIB


September 06, 2025 at 11:22 AM GMT+05:00

Trump revives plan to host G20 at his Miami Resort


September 05, 2025 at 11:09 PM GMT+05:00

KE Retail Sukuk Launch Ceremony Postponed



Top 5 things to watch in this week

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