Pakistan’s liquid foreign reserves reach $16.41 billion: State Bank

The total liquid foreign reserves of Pakistan stood at US$ 16,408.7 million as of December 27, 2024 while the reserves held by the central bank were recorded as $ 11,710.5 million.

The State Bank of Pakistan has reported a decrease of US$ 143 million in foreign exchange reserves, bringing the total to US$ 11,710.5 million. This decline, recorded during the week ending on December 27, 2024, was primarily attributed to external debt repayments. The reduction in reserves underscores the ongoing financial challenges faced by the country and highlights the impact of external obligations on its economic stability.

The break up shows that net foreign reserves of $ 4,698.2 million were held by commercial banks during the week under review.

Total liquid foreign reserves held by the country, in the previous week ended on December 20, 2024, were $ 16,371.5 million. Among them foreign reserves held by the central bank were recorded as $ 11,853.5 million while commercial banks held net reserves of $ 4,518 million.