SBP's reserves drop $63m to $7.95bn

By MG News | February 29, 2024 at 05:45 PM GMT+05:00

0:00

February 29, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) diminished by $63.2 million or 0.79% WoW to $7.95 billion during the week ended on February 23, 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 declined by $59.3m or 0.45% WoW to $13.04bn.

On the other hand, the reserves held by commercial banks rose by $3.9m or 0.08% WoW to $5.09bn.

In the current fiscal year, total liquid foreign reserves have increased by $3.88bn or 42.34%.

Meanwhile, the current calendar year has seen an increase of $0.37bn or 2.88%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	February 23, 2024	February 16, 2024	Change	% Change
State Bank of Pakistan	7949.6	8012.8	-63.20	-0.79%
Net Foreign Reserves Held by Banks	5088.9	5085	3.9	0.08%
Total Liquid Foreign Reserves	13038.5	13097.8	-59.3	-0.45%

Amount in USD Million

Copyright Mettis Link News

Related News

Govt domestic debt, liabilities nears Rs54tr in May

Central govt debt rises to Rs76tr in May

Pakistan, Azerbaijan vow to deepen economic ties

Name	Price/Vol	%Chg/NChg
KSE100	131,949.07 198.95M	0.97% 1262.41
ALLSHR	82,069.26 730.83M	0.94% 764.01
KSE30	40,387.76 80.88M	1.11% 442.31
KMI30	191,376.82 77.76M	0.36% 678.77
KMIALLSHR	55,193.97 350.11M	0.22% 119.82
BKTi	35,828.25 28.42M	3.64% 1259.85
OGTi	28,446.34 6.84M	-1.02% -293.01

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,125.00	110,525.00 107,865.00	-2290.00 -2.07%
BRENT CRUDE	68.51	68.89 67.75	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	106.00	106.00 105.85	-2.20 -2.03%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.50	67.18 66.04	-0.50 -0.75%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%