State Bank of Pakistan reports $13.3 billion foreign reserves

Pakistan's liquid foreign reserves have been reported to have reached $13,280.5 million as of April 19, 2024. This data was released by the State Bank of Pakistan (SBP) on Thursday. The central bank's foreign reserves were recorded at $7,981.2 million, while commercial banks held net foreign reserves amounting to $5,299.3 million.

During the week ending on April 19, 2024, SBP's reserves experienced a decrease of $74 million, falling to $7,981.2 million. This decline was attributed to external debt repayments.

In conclusion, Pakistan's foreign reserves have shown fluctuations, with the latest data indicating a slight decrease due to debt repayments. Monitoring these reserves is crucial for the country's economic stability and ability to meet its financial obligations.