SBP reserves surge by $111.6m in a week

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

CCP penalises Mezan Beverages Rs150m for misleading branding

VEON Group invests $20m in Mobilink Bank

Trade Deficit expands 28% in December

Name	Price/Vol	%Chg/NChg
KSE100	179,034.93 513.44M	1.52% 2679.44
ALLSHR	107,392.74 1,107.91M	1.22% 1297.66
KSE30	55,017.41 279.74M	1.86% 1007.08
KMI30	254,699.07 209.00M	1.60% 4013.10
KMIALLSHR	69,477.96 622.48M	1.19% 818.48
BKTi	50,802.42 123.06M	2.40% 1189.90
OGTi	36,086.91 28.98M	2.36% 830.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,530.00	91,555.00 88,720.00	2645.00 3.01%
BRENT CRUDE	60.80	61.38 60.01	-0.05 -0.08%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.55 0.64%
ROTTERDAM COAL MONTHLY	98.15	98.15 97.40	1.25 1.29%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.33	57.93 56.60	-0.09 -0.16%
SUGAR #11 WORLD	14.60	15.05 14.57	-0.41 -2.73%