SBP reserves surge by $131m in a week
MG News | November 28, 2024 at 06:35 PM GMT+05:00
November 28, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $130.54 million or 1.16% WoW to $11.42 billion during the week ended on November 22, 2024, data released by State Bank of Pakistan showed on Thursday.
Similarly, the country's total reserves increased by $108.5m or 0.68% WoW to $16.08bn.
The reserves held by commercial banks fell by $22m or 0.47% WoW to $4.66bn.
In the current fiscal year, SBP-held reserves have increased by $2.03bn or 21.61%.
Meanwhile, the current calendar year has seen an increase of $3.2bn or 38.89%.
| Foreign reserves held by | November 22, 2024 | November 15, 2024 | Change | % Change |
|---|---|---|---|---|
| State Bank of Pakistan | 11,418.5 | 11,288.0 | 130.5 | 1.16% |
| Net Foreign Reserves Held by Banks | 4,657.7 | 4,679.7 | -22.0 | -0.47% |
| Total Liquid Foreign Reserves | 16,076.2 | 15,967.7 | 108.5 | 0.68% |
Amount in USD Million
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