Pakistan's Foreign Reserve Levels See Downward Trend as Central Bank Reserves Dip.

As of December 15, 2023, Pakistan's overall liquid foreign reserves have reached a total of $12,068.4 million, as per a recent statement released by the State Bank of Pakistan (SBP). The central bank's reserves, comprising a significant portion, stand at $6,904.8 million.

The reported figures indicate a decrease in SBP's reserves by $136 million during the reviewed week, primarily attributed to debt repayments. Simultaneously, commercial banks sustained net foreign reserves amounting to $5,163.6 million.

In the preceding week, concluding on December 08, 2023, the nation's total liquid foreign reserves were slightly higher at $12,206.4 million. At that time, the central bank held $7,040.8 million, and commercial banks possessed net foreign reserves of $5,165.6 million.

This fluctuation in the liquid foreign reserves reflects the dynamic economic landscape, with debt repayments impacting the central bank's holdings. The commercial banks, however, have been instrumental in maintaining a substantial portion of the overall reserves.

The State Bank of Pakistan continues to monitor and manage the country's foreign reserves, playing a crucial role in navigating economic challenges and ensuring financial stability.