Pakistan’s total liquid foreign exchange reserves experienced a drop of $261.6 million during the week ending January 17, 2025, primarily due to external debt servicing, as reported by the State Bank of Pakistan (SBP).
The country’s total foreign exchange reserves declined to $16.19 billion as of January 17, 2025, compared to $16.451 billion on January 10, 2025.
Reserves held by the SBP saw a significant decline, falling by $276 million to $11.449 billion, down from $11.725 billion the previous week. This decline has been attributed to external debt repayments.
Conversely, net foreign reserves held by commercial banks showed a modest increase of $15 million, reaching $4.741 billion by the end of last week.
This mixed trend reflects ongoing pressures on Pakistan’s external accounts amidst rising debt obligations.
