KARACHI: Due to debt payments, the State Bank of Pakistan‘s (SBP) foreign exchange reserves experienced a significant decline of $956 million, falling to $7.96 billion, according to central bank data issued on Thursday.The nation’s total liquid foreign reserves were at $13.72 billion. After being reduced by $2 million, commercial banks’ net foreign reserves totaled $5.76 billion.
“Due to servicing external debt,” the State Bank of Pakistan (SBP) stated in a statement, “SBP’s reserves decreased by $956 million to $7,957.0 million during the week ended on November 4, 2022.”
