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

News Image

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

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,055.00 118,195.00
117,905.00
435.00
0.37%
BRENT CRUDE 73.47 73.63
71.75
0.96
1.32%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.28 70.33
70.18
0.28
0.40%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

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