Pakistan’s State Bank (SBP) has reported a decline of $152 million in its foreign exchange reserves, bringing the total down to $11.097 billion as of March 7. The drop is attributed to external debt repayments, showcasing the financial challenges the country faces despite ongoing efforts to stabilize its economy.
Interestingly, this decline comes even as the SBP actively purchased dollars from the local banking market, reflecting the heavy toll debt repayments continue to take on national reserves. Combined, Pakistan’s total liquid foreign reserves, including $4.831 billion held by commercial banks, stand at $15.928 billion.
The news highlights the persistent pressure on the country’s financial system as it strives to manage external obligations under tight economic conditions.
