KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves declined by $328 million in the week ended April 23, falling to $10.558 billion, according to data provided by the central bank on Thursday.
As of April 23, the country’s total foreign reserves, including net reserves held by commercial banks, was at $16.668 billion.
Banks’ net foreign reserves were expected to be $6.110 million.
The SBP’s reserve has shrunk as a result of foreign loan repayments, according to the bank.