KARACHI (Dunya News) – Pakistan’s foreign exchange reserves have took another hit due to external debt repayments, according to the latest weekly report issued by the State Bank of Pakistan (SBP).
As per the SBP, the country’s overall forex reserves fell by $153 million, bringing the total down to $14.3039 billion.
The reserves held by commercial banks remain stable at $5.3031 billion, while the central bank’s own reserves slipped following scheduled payments.
After the latest decline, the country’s total liquid foreign reserves now stand at $19.6070 billion.
A spokesperson from the SBP said the drop was expected, as the government had to meet its external debt servicing obligations.
Analysts say that while the situation is still under control, Pakistan must keep an eye on future repayments and inflows to avoid putting too much pressure on the external account.