SBP’s Foreign Exchange Reserves Decline

According to data released on Thursday, the State Bank of Pakistan’s (SBP) foreign exchange reserves experienced a reduction of $367 million on a weekly basis, settling at $10.21 billion as of April 18.

The country’s total liquid foreign reserves amounted to $15.44 billion, with net foreign reserves held by commercial banks recorded at $5.23 billion.

This decrease has brought SBP reserves to their lowest point in seven months, a level last observed in September 2024.

The central bank has attributed this decline to the repayment of external debts.

The SBP stated, “During the week concluding on April 18, 2025, SBP reserves diminished by US$ 367 million to US$ 10,205.9 million due to external debt repayments.”

The previous week saw a decrease of $127 million in SBP’s foreign exchange reserves.