State Bank’s reserves surge $119m

MG News | August 15, 2024 at 06:37 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 15, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $119.3 million or 1.30% WoW to $9.27 billion during the week ended on August 09, 2024, data released by State Bank of Pakistan showed on Thursday.

Similarly, the country's total reserves increased by $173.3m or 1.20% WoW to $14.65bn.

The reserves held by commercial banks rose by $54m or 1.02% WoW to $5.37bn.

In the current fiscal year, SBP-held reserves have decreased by $116.9m or 1.25%.

In a recent development, Pakistan has secured a $7 billion loan deal from the International Monetary Fund (IMF), subject to approval by the IMF’s Executive Board.

Meanwhile, the current calendar year has seen an increase of $1.05bn or 12.79%.

**Summary of Holding and Weekly Change**
Foreign reserves held by	August 09, 2024	August 02, 2024	Change	% Change
State Bank of Pakistan	9,272.6	9,153.3	119.3	1.30%
Net Foreign Reserves Held by Banks	5,372.6	5,318.6	54.0	1.02%
Total Liquid Foreign Reserves	14,645.2	14,471.9	173.3	1.20%

Amount in USD Million

Copyright Mettis Link News

Related News

A Nation on the Mend, But Scars Run Deep

Pakistan secures first LNG Cargo in nearly two months

HBL Manufacturing PMI slows in early signs of US-Iran War

Name	Price/Vol	%Chg/NChg
KSE100	168,514.45 270.58M	2.23% 3683.02
ALLSHR	101,435.11 727.15M	2.12% 2101.39
KSE30	50,579.18 130.90M	2.48% 1222.35
KMI30	242,349.77 110.71M	2.17% 5137.60
KMIALLSHR	65,996.09 380.10M	1.90% 1228.68
BKTi	46,176.73 48.16M	2.68% 1203.71
OGTi	35,670.57 11.87M	2.41% 839.24

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,085.00	78,275.00 76,655.00	-620.00 -0.80%
BRENT CRUDE	107.34	109.30 103.68	2.32 2.21%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-8.75 -7.37%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.50 0.44%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.11	102.66 97.25	2.85 2.90%
SUGAR #11 WORLD	14.93	15.05 14.78	0.20 1.36%