The foreign exchange reserves held by the State Bank of Pakistan (SBP) saw a slight decline on a weekly basis, according to data released by the central bank on Thursday.

As of January 3, 2025, the SBP’s foreign currency reserves were recorded at $11.695 billion, reflecting a decrease of $15 million compared to $11.710 billion on December 27, 2024. This marks the third consecutive weekly decline in the central bank’s reserves.

The overall liquid foreign currency reserves held by the country, which include net reserves held by banks other than the SBP, stood at $16.378 billion. This represents a drop of $31 million compared to the previous week.

The net reserves held by commercial banks were recorded at $4.683 billion, down $16 million from $4.698 billion in the prior week.