SBP-held foreign exchange reserves fall to nearly five-month low

SBP FX reserves since January 2025

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $152 million on a weekly basis, clocking in at $11.10 billion as of March 7, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $15.93 billion. Net foreign reserves held by commercial banks stood at $4.83 billion.

This takes the SBP-held reserves to nearly five-month low.

The central bank attributed the decline in the reserves to debt repayment.

“During the week ended on 7-Mar-2025, SBP reserves decreased by US$ 152 million to US$ 11,097.9 million due to external debt repayments,” it said.

Last week, SBP foreign exchange reserves increased by $27 million.