Pakistan’s total liquid foreign exchange reserves have risen to $20.03 billion as of July 4, 2025, marking their highest level in 39 months. This significant increase is largely due to a $1.77 billion boost in State Bank of Pakistan (SBP) reserves, now standing at $14.58 billion. The increase reflects continued inflows from multilateral institutions and friendly countries. Commercial banks contributed $5.53 billion to the total.
Despite this positive development, the Pakistani rupee slightly depreciated to Rs278.60 against the US dollar in the interbank market. Meanwhile, the current reserves provide an import cover for approximately 2.71 months, offering a buffer against external shocks and strengthening investor confidence in Pakistan’s economic stability. This reserve growth comes at a crucial time as the country prepares to negotiate a new International Monetary Fund (IMF) programme.
Pakistan’s foreign exchange reserves rose to $20.03 billion on July 4, 2025, with SBP holdings at $14.58 billion and commercial banks at $5.53 billion. The boost improves import cover and signals stronger economic stability, despite slight rupee depreciation ahead of key IMF negotiations.
foreign exchange reserves, SBP inflows, Pakistan economy
