AIRLINK 74.24 Decreased By ▼ -1.06 (-1.41%)
BOP 4.90 Decreased By ▼ -0.04 (-0.81%)
CNERGY 4.31 Decreased By ▼ -0.08 (-1.82%)
DFML 38.88 Decreased By ▼ -2.30 (-5.59%)
DGKC 85.01 Increased By ▲ 1.70 (2.04%)
FCCL 22.40 Increased By ▲ 0.75 (3.46%)
FFBL 31.50 Decreased By ▼ -0.50 (-1.56%)
FFL 9.25 Decreased By ▼ -0.17 (-1.8%)
GGL 10.05 Decreased By ▼ -0.03 (-0.3%)
HASCOL 6.76 Decreased By ▼ -0.06 (-0.88%)
HBL 113.60 Decreased By ▼ -0.40 (-0.35%)
HUBC 139.00 Decreased By ▼ -0.10 (-0.07%)
HUMNL 11.86 Decreased By ▼ -0.14 (-1.17%)
KEL 4.82 Decreased By ▼ -0.09 (-1.83%)
KOSM 4.34 Decreased By ▼ -0.02 (-0.46%)
MLCF 37.75 Increased By ▲ 0.24 (0.64%)
OGDC 131.25 Decreased By ▼ -1.60 (-1.2%)
PAEL 24.02 Decreased By ▼ -0.83 (-3.34%)
PIBTL 6.40 Decreased By ▼ -0.20 (-3.03%)
PPL 117.32 Decreased By ▼ -0.48 (-0.41%)
PRL 25.60 Decreased By ▼ -0.46 (-1.77%)
PTC 13.75 Increased By ▲ 0.03 (0.22%)
SEARL 56.44 Decreased By ▼ -0.81 (-1.41%)
SNGP 66.24 Decreased By ▼ -0.26 (-0.39%)
SSGC 10.12 Decreased By ▼ -0.12 (-1.17%)
TELE 7.96 Decreased By ▼ -0.25 (-3.05%)
TPLP 10.70 No Change ▼ 0.00 (0%)
TRG 62.00 Decreased By ▼ -0.40 (-0.64%)
UNITY 26.61 Decreased By ▼ -0.43 (-1.59%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 7,809 Decreased By -36.9 (-0.47%)
BR30 25,148 Decreased By -107.6 (-0.43%)
KSE100 74,646 Decreased By -190.6 (-0.25%)
KSE30 23,949 Decreased By -55.7 (-0.23%)
Markets

SBP-held foreign exchange reserves increase $105mn, now stand at $8.02bn

  • Total liquid foreign reserves held by the country reach $13.4 billion
Published March 21, 2024

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $105 million on a weekly basis, clocking in at $8.02 billion as of March 15, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $13.4 billion. Net foreign reserves held by commercial banks stood at $5.38 billion.

The central bank did not specify a reason for the increase in the reserves.

“During the week ended on 15-Mar-2024, SBP’s reserves increased by US$ 105 million to US$ 8,017.9 million,” it said.

Last week, Pakistan’s central bank reserves had increased by $17 million.

In a key development this week, Pakistani authorities reached a staff-level agreement with the International Monetary Fund (IMF) on the second and final review of the $3 billion Stand-By Arrangement (SBA).

“This agreement is subject to approval by the IMF’s Executive Board, upon which the remaining access under the SBA, US$1.1 billion will become available,” it added.

The inflow from the Bretton Woods institution will bring an uptick in the reserves and also prove to be a positive indicator for the country’s ailing economy.

Comments

200 characters
QAISAR ABBAS Mar 21, 2024 06:35pm
My phone front comra damage send me new comra vivo y20sg
thumb_up Recommended (0) reply Reply