SBP-held foreign exchange reserves decrease $76mn, now stand at $11.37bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $76 million on a weekly basis, clocking in at $11.37 billion as of January 24, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $16.05 billion. Net foreign reserves held by commercial banks stood at $4.68 billion.

The central bank attributed external debt repayments to the decrease in the reserves.

“During the week ended on 24-Jan-2025, SBP reserves decreased by US$ 76 million to US$ 11,372.4 million due to external debt repayments,” it said.

Last week, SBP foreign exchange reserves decreased by $276 million.