Data released by the central bank on Thursday showed that the State Bank of Pakistan’s (SBP) foreign exchange reserves decreased by $172 million on a weekly basis.

The SBP’s foreign exchange reserves were reported at $8.045 billion on February 2, a $172 million decrease from $8.217 billion on January 26. The central bank indicated in a brief statement that repayments of external loans were the cause of the decline in reserves.

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With net reserves held by banks other than the SBP included, the nation’s total liquid foreign currency reserves were $13.098 billion, a decrease of 164 million from the previous week.

At the end of the week, the net reserves held by banks had increased by $8 million to $5.054 billion.

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