Pakistan’s Foreign Exchange Reserves Surge

Pakistan experienced a substantial increase in its total liquid foreign exchange reserves during the week concluding on May 2, 2025. According to data from the State Bank of Pakistan (SBP), the reserves rose by $231 million, reaching $15.483 billion.

SBP Reserves Increase

The SBP’s reserves saw a boost of $118 million, climbing to $10.332 billion from $10.214 billion the previous week. This improvement in the SBP’s holdings likely reflects increased inflows, potentially stemming from external funding or remittance inflows.

Commercial Banks’ Reserves Also Rise

Foreign exchange reserves held by commercial banks also showed a significant gain, increasing by $113 million to $5.150 billion, compared to $5.037 billion in the prior week.

Economic Impact

Experts suggest that this rise in foreign reserves offers some relief for the nation’s external sector, which continues to face challenges related to import financing and debt obligations.

Future Projections

SBP Governor Jameel Ahmed anticipates that with significant remittance inflows and an improved external account, the SBP’s reserves are poised to surpass the $14 billion mark by the close of June this year.