Foreign currency reserves drop by $252m

Pakistan's foreign exchange reserves declined by $252 million, bringing the State Bank of Pakistan's (SBP) total holdings to $11.17 billion due to external debt repayments. As of February 7, 2025, Pakistan's total liquid foreign reserves stood at $15.86 billion, with the SBP holding $11.17 billion and commercial banks' reserves at $4.70 billion. "During the week ended on 07-Feb-2025, SBP reserves decreased by $252 million to $11,166.6 million due to external debt repayments," the SBP stated. Foreign reserves have fluctuated due to economic challenges and debt repayments. However, commercial banks' reserves increased by $69 million to $4.70 billion, according to Arif Habib Limited (AHL).