Pakistan’s Foreign Reserves Fall by Over $125 Million

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $127 million on a weekly basis, according to data issued by the central bank on Thursday. According to the latest data released by the SBP as of April 11, the foreign currency reserves held by the SBP were recorded at $10.57 billion, down $127 million compared to $10.69 billion on April 4. In a statement, the central bank said the decrease in reserves was due to external debt repayments. Total liquid forex reserves held by the country, including net reserves held by banks other than the SBP, stood at $15.66 billion, down $91 million over the previous week. The net reserves held by banks were recorded at $5.09 billion, registering an increase of $35 million during the week.