Pakistan’s Foreign Reserves Fall to 7-Month Low After Yet Another Weekly Decline

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by over $350 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 18, the foreign currency reserves held by the SBP were recorded at $10.20 billion, down $367 million compared to $10.57 billion on April 11. The current reserves held by the central bank are the lowest since September 20, 2024, when the reserves were recorded at $9.53 billion. Total liquid forex reserves held by the country, including net reserves held by banks other than the SBP, stood at $15.43 billion, down $226 million over the previous week. The net reserves held by banks were recorded at $5.23 billion, registering an increase of $141 million during the week.