SBP reserves edge up to $14.42bn despite $500m eurobond repayment

Pakistan made significant external debt repayments during the week ending October 3, including the settlement of a $500 million Pakistan Sovereign Eurobond, the State Bank of Pakistan (SBP) reported on Thursday.

Despite these outflows, SBP’s own reserves recorded a marginal rise of $20 million, closing at $14.42 billion. A week earlier, the central bank’s holdings had increased by $21 million.

The SBP said that total liquid foreign exchange reserves now stand at $19.81 billion. Of this, commercial banks maintain $5.39 billion, while the remaining amount is held by the central bank.