Pakistan’s Forex Reserves Increase

According to data released on Thursday, the State Bank of Pakistan (SBP)’s foreign exchange reserves saw a rise of $71 million on a weekly basis, reaching $10.40 billion as of May 9.

The country’s total liquid foreign reserves amounted to $15.61 billion. The net foreign reserves held by commercial banks were $5.21 billion.

The central bank did not provide a specific explanation for the increase in foreign exchange reserves.

The SBP stated that its reserves increased by $71 million to $10,403.1 million during the week ending on May 9, 2025.

In the previous week, the SBP’s foreign exchange reserves had increased by $118 million, totaling $10.33 billion.

On Wednesday, the central bank announced the receipt of the second allocation of Special Drawing Rights (SDR) amounting to 760 million, which is equivalent to $1.02 billion, from the International Monetary Fund (IMF).

The SBP mentioned that this amount would be reflected in its foreign exchange reserves for the week concluding on May 16, 2025.