Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $63 million on a weekly basis, clocking in at $7.95 billion as of February 23, data released on Thursday showed.
Total liquid foreign reserves held by the country stood at $13.04 billion. Net foreign reserves held by commercial banks stood at $5.09 billion.
The central bank cited debt repayments as the reason for the decrease in the foreign currency reserves.
“During the week ended on 23-Feb-2024, SBP’s reserves decreased by US$ 63 million to US$ 7,949.6 million due to debt repayments,” it said.
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