IslamabadForeign exchange reserves held by the State Bank of Pakistan (SBP) fell by $276 million on a weekly basis, reaching $11.45 billion as of January 17, data released on Thursday showed.
The total liquid foreign reserves held by the country amounted to $16.19 billion. Net foreign reserves at commercial banks amounted to $4.74 billion.
The Central Bank attributed the repayment of foreign debts to the decrease in reserves.
She said: “During the week ending January 17, 2025, the reserves of the Central Bank of Sudan decreased by 276 million US dollars to 11,448.7 million US dollars due to the repayment of external debts.”
Last week, the central bank’s foreign exchange reserves increased by $30 million.