SBP reserves fall $366.5m on external debt repayments

April 24, 2025 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $366.5 million or 3.47% WoW to $10.21 billion during the week ended on April 18, 2025, data released by the State Bank of Pakistan showed on Thursday.

The drop is attributed to the external debt repayments made by the Central Bank during the week. 

Similarly, the country's total reserves decreased by $226m or 1.44% WoW to $15.44bn.

The reserves held by commercial banks rose by $140.5m or 2.76% WoW to $5.23bn.

In the current fiscal year, SBP-held reserves have increased by $816.4m or 8.69%.

Meanwhile, the current calendar year has seen a decrease of $1.5bn or -12.85%.

Amount in USD Million

On a monthly basis, Pakistan’s liquid foreign exchange reserves clocked in at $15.01bn at the end of March 2025. Of this, the central bank held $10.639bn, while commercial banks maintained reserves of $4.375bn.

However, the SBP’s reserves witnessed a net outflow of $610.6m during the month, marking a notable decline due to external payment pressures.

Copyright Mettis Link News