State Bank reserves plunge $2.9bn on loan repayment.

The foreign exchange reserves held by the central bank decreased 19.5 percent on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On March 25, the foreign currency reserves held by the SBP were recorded at $12,047.3 million, down $2,915 million compared with $14,962.4 million on March 18.

According to the central bank, the decrease reflected repayment of...