The State Bank of Pakistan's (SBP) foreign exchange reserves decreased by $310 million amid debt payments, the central bank announced on Thursday.
According to the SBP, $153 million was paid in foreign debt, due to which the central bank’s reserves fell by $153 million, reaching $14.30 billion.
Reserves held by commercial banks also dropped by $157 million, bringing their total to $5.30 billion.
The SBP said that Pakistan's total foreign exchange reserves decreased by $310 million, now standing at $19.60 billion.
It is a significant decline in the country’s foreign exchange reserves.