SBP’s foreign reserves further depleted due to loan repayment

The State Bank of Pakistan’s (SBP) foreign exchange reserves further depleted and fell to $4.38 billion in the week ending May 5, central bank data showed Thursday.

In its weekly bulletin, the SBP said its reserves decreased by $74 million due to external debt repayment.

It further said that net reserves held by commercial banks stood at $5.61 billion, taking the country’s total liquid foreign reserves to $9.99 billion.