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KARACHI: The country’s total liquid foreign reserves dropped by $261 million last week, primarily due to external debt servicing.
According to the latest weekly report from the State Bank of Pakistan (SBP), the total liquid foreign reserves stood at $16.372 billion as of December 20, 2024, compared to $16.633 billion on December 13, 2024.
During the review period, SBP’s reserves decreased by $228 million, reaching $11.854 billion, owing to external debt repayments. Meanwhile, net foreign reserves held by commercial banks fell by $33 million, settling at $4.518 billion by the end of the week.
Copyright Business Recorder, 2024