Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $173 million on a weekly basis, clocking in at $8.04 billion as of February 2, 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 $5.05 billion.
The SBP attributed the decrease in the reserves to debt repayments.
“During the week ended on 2-Feb-2024, SBP’s reserves decreased by US$ 173 million to US$ 8,044.0 million due to debt repayments,” it said.
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