Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $44 million on a weekly basis, clocking in at $8.01 billion as of February 16, data released on Thursday showed.
Total liquid foreign reserves held by the country stood at $13.09 billion. Net foreign reserves held by commercial banks stood at $5.08 billion.
The central bank attributed the decrease in the reserves to debt repayments.
“During the week ended on 16-Feb-2024, SBP’s reserves decreased by US$ 44 million to US$ 8,012.8 million due to debt repayments,” it said.
Last week, Pakistan’s central bank reserves had increased by $13 million.
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