SBP foreign reserves drop by $143 million

KARACHI: Pakistan’s liquid foreign reserves were reported at $16,408.7 million as of December 27, 2024, according to data released by the State Bank of Pakistan (SBP) on Thursday.

Out of this total, the central bank’s reserves amounted to $11,710.5 million, while commercial banks held net foreign reserves of $4,698.2 million.

The SBP’s reserves saw a decline of $143 million during the week ending December 27, attributed to external debt repayments, bringing the total to $11,710.5 million.

In comparison, the SBP’s foreign reserves had dropped by $228 million the previous week, reaching $11,853.5 million, also due to external debt repayments.

This consistent decline in foreign reserves reflects ongoing pressure on Pakistan’s external accounts, as the country meets its financial obligations.

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