SBP reserves drop by $173mn due to debt repayments

The State Bank of Pakistan (SBP) reported a decrease in the country's foreign reserves by $173 million for the week ending on February 2, 2024, primarily due to debt repayments. 

Following this decline, the SBP's reserves now stand at $8.044 billion.

As of February 2, 2024, the total liquid foreign reserves held by Pakistan are reported to be $13.09 billion. 

This total includes $8.04 billion held by the SBP and $5.05 billion in net foreign reserves held by commercial banks across the country.