Pakistan’s foreign exchange reserves witnessed a decline of $370 million, bringing the State Bank of Pakistan’s (SBP) reserves down to $10.21 billion, according to official figures.
The SBP, in its weekly report, stated that the drop occurred during the week ending April 18, marking the reserves’ lowest level in seven months.
The last time reserves were this low was in September 2024.
The report highlighted that the total foreign exchange reserves of the country now stand at $15.44 billion.
Meanwhile, net reserves held by commercial banks were reported at $5.23 billion.
This decline comes amid ongoing economic challenges and reflects pressures on Pakistan’s balance of payments.
