Pakistan’s Foreign Reserves Drop to $13.1 Billion: SBP

The State Bank of Pakistan (SBP) has announced a decrease in the country’s foreign exchange reserves, which now stand at US$13,097.8 million following a decline of US$44 million, according to recent Reports.

In a statement Released by the central bank, it was Revealed that the total liquid foreign Reserves as of the week ending on 16th February 2023 have Decreased Compared to US$13,149.1 million recorded in the Previous week ending on 9th February.

The SBP Spokesperson attributed the decrease in reserves to debt Repayments, resulting in a decline in SBP’s reserves to US$8,012.8 million. However, the net foreign reserves held by commercial banks remained stable at US$5,085.0 Million.

Earlier reports from 15th February indicated an increase in Foreign exchange Reserves held by the SBP reaching US$8,056.5 Million as of 9th February 2024. However the overall total liquid foreign reserves during that period amounted to US$13,149.1 Million.

Out of the total foreign Reserves, US$5,092.6 million were reported to be held by Commercial banks as net foreign reserves. The SBP Confirmed that its reserves Stood at US$8,056.5 million.

The fluctuation in Pakistan’s Foreign reserves reflects the Dynamic nature of its Economic Landscape, influenced by Factors such as debt Repayments, trade Balances and external Economic conditions. Monitoring and managing Foreign reserves are crucial for ensuring Stability in the Country’s Economy and facilitating international trade and financial Transactions.


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The SBP Continues to closely monitor the Situation and take necessary Measures to maintain adequate Foreign reserves levels to Support the Economy and mitigate external risks. Economic policies aimed at Enhancing export Competitiveness, attracting foreign investment and managing Debt Obligations play a vital Role in sustaining Pakistan’s foreign reserves and overall economic resilience.


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In Conclusion, Pakistan’s Foreign exchange Reserves as reported by the State Bank of Pakistan have Decreased to $13.1 Billion with a Reduction of $44 Million attributed to debt Repayments.