Foreign exchange: SBP's reserves fall 1.63%, amount to $16.4b

Total liquid foreign reserves held by the country stood at $21,568.1 million

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 1.63% on a weekly basis, according to data released on Thursday.

On April 14, the foreign currency reserves held by the central bank were recorded at $16,416.1 million, decreasing $272.1 million or 1.63%, compared to $16,688.2 million in the previous week, according to the central bank.

Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $21,568.1 million. Net reserves held by banks amounted to $5,152 million.



Last week, the SBP received multilateral inflows of $317 million and made payments of $118 million on account of external debt servicing and other official payments.

Five weeks ago, the SBP received $200 million under the Coalition Support Fund (CSF) from the United States and made payments of $97 million on account of external debt servicing and other official payments.

Earlier, the SBP received $350 million under the CSF and made payments of $62 million for external debt servicing.

In January, the SBP made a loan repayment of $500 million to the State Administration of Foreign Exchange (SAFE), China.