SBP reserves surge by $131m in a week

MG News | November 28, 2024 at 06:35 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

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%.

**Summary of Holding and Weekly Change**
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

Copyright Mettis Link News

Related News

Govt digitizes 4m historical records to preserve Pakistan’s heritage

Russia reopens market for Pakistani potatoes, 101 exporters cleared

FBR sets Rs25,000 annual tax for traders under Tajir Dost Scheme

Name	Price/Vol	%Chg/NChg
KSE100	179,846.68 370.24M	-0.81% -1463.60
ALLSHR	108,777.96 842.70M	-0.57% -624.36
KSE30	53,571.08 118.45M	-0.81% -434.78
KMI30	253,007.72 126.35M	-1.06% -2717.47
KMIALLSHR	69,727.55 549.62M	-0.70% -488.73
BKTi	52,178.22 35.92M	-0.12% -62.01
OGTi	35,518.90 13.54M	-0.77% -274.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,015.00	64,610.00 63,880.00	-105.00 -0.16%
BRENT CRUDE	87.99	90.03 86.60	0.27 0.31%
RICHARDS BAY COAL MONTHLY	105.50	0.00 0.00	-4.00 -3.65%
ROTTERDAM COAL MONTHLY	122.00	122.00 122.00	0.75 0.62%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	82.35	84.61 81.27	0.22 0.27%
SUGAR #11 WORLD	16.58	16.72 16.33	0.11 0.67%