SBP’s reserves decrease $44m to $8.01bn

News Image

MG News | February 22, 2024 at 07:08 PM GMT+05:00

0:00

February 22, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $43.7 million or 0.54% WoW to $8.01 billion during the week ended on February 16, 2024, according to the data released by the central bank on Thursday.

The central bank cited debt repayments as the reason for this decline.

Similarly, the country's total reserves fell by $51.3m or 0.39% WoW to $13.1bn.

The reserves held by commercial banks diminished by $7.6m or 0.15% WoW to $5.09bn.

In the current fiscal year, total liquid foreign reserves have increased by $3.94bn or 42.99%.

Meanwhile, the current calendar year has seen a decrease of $0.12bn or 0.93%.

Summary of Holding and Weekly Change

Foreign reserves held by February 16, 2024 February 09, 2024 Change % Change
State Bank of Pakistan 8012.8 8056.5 -43.70 -0.54%
Net Foreign Reserves Held by Banks 5085 5092.6 -7.6 -0.15%
Total Liquid Foreign Reserves 13097.8 13149.1 -51.3 -0.39%

Amount in USD Million

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 157,953.47
555.47M
1.14%
1775.65
ALLSHR 96,741.22
1,957.60M
1.16%
1110.83
KSE30 48,198.94
249.79M
1.09%
520.47
KMI30 232,694.17
290.89M
1.31%
3011.94
KMIALLSHR 65,027.13
1,019.78M
1.03%
660.37
BKTi 42,489.56
84.10M
1.35%
566.75
OGTi 31,779.36
15.21M
0.14%
43.57
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,380.00 117,795.00
116,905.00
-390.00
-0.33%
BRENT CRUDE 67.39 67.57
67.34
-0.05
-0.07%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 94.00 94.50
94.00
0.45
0.48%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.19 63.35
63.14
-0.07
-0.11%
SUGAR #11 WORLD 16.13 16.27
15.89
-0.14
-0.86%

Chart of the Day


Latest News
September 18, 2025 at 07:00 PM GMT+05:00

Pakistan's Forex Reserves Increase by USD 54.80 Million


September 18, 2025 at 05:59 PM GMT+05:00

Textile exports drop to $1.4bn in August


September 18, 2025 at 05:45 PM GMT+05:00

U. S. A. leads as top export destination for Pakistan in August


September 18, 2025 at 05:40 PM GMT+05:00

Pakistan's Power sector attracts net FDI of 86.5m in August



Top 5 things to watch in this week

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