ISLAMABAD: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) edged higher to $14.53 billion during the week ending July 11, 2025, recording a weekly increase of $23.4 million or 0.16 percent, according to official data released by the central bank on Thursday.
However, despite the increase in SBP’s holdings, the country’s total liquid foreign exchange reserves fell below the $20 billion mark, declining by $71.6 million or 0.36 percent week-on-week (WoW).
The drop was attributed to a steep decline in the foreign reserves held by commercial banks.
The SBP, in its weekly statement, reported that its reserves had risen to $14,525.6 million from $14,502.2 million in the previous week.
A spokesperson for the central bank confirmed the increase, noting, “During the week ended on 11-Jul-2025, SBP reserves increased by US$ 23 million to US$ 14,525.6 million.”
Meanwhile, net reserves held by commercial banks saw a noticeable fall, slipping by $95 million or 1.72 percent to $5.43 billion, down from $5.53 billion the previous week.
As a result, Pakistan’s total liquid reserves stood at $19,957.1 million, compared to $20,028.7 million a week earlier.
Despite the latest weekly dip, the SBP’s reserve position has shown robust growth in the new fiscal year.
Since the beginning of FY2025-26, SBP-held reserves have surged by $5.46 billion or 60.25 percent.
On a calendar year-to-date basis, the reserves are up by $2.82 billion, reflecting a 24.04 percent increase.
