Due to the servicing of external debt, Pakistan’s liquid foreign exchange reserves fell to $15.55 billion as of March 21, 2025, according to a report released by the State Bank of Pakistan (SBP) on Thursday.
Over the course of the week, the foreign reserves held by SBP decreased by $540 million, reaching $10.61 billion. Debt commitments were cited as the cause of the decline.
In the meantime, $4.94 billion was reported as the net foreign reserves of commercial banks.
SBP’s reserves, which offer more than two months’ worth of import cover, are still over the critical $10 billion threshold despite the decline.
According to analysts, future inflows, such as anticipated bilateral and multilateral funding, may contribute to the stabilization of the reserves in the approaching weeks.
