In a promising sign for Pakistan’s economy, the country’s total foreign exchange reserves have surged past $20 billion, reaching their highest level since March 2022, according to data released by the State Bank of Pakistan (SBP).
As of July 4, 2025, Pakistan’s total liquid forex reserves stood at $20.02 billion, reflecting a $1.93 billion increase over the previous week. This includes reserves held by both the SBP and commercial banks.
📊 Breakdown of the reserves:
-
SBP-held reserves rose to $14.502 billion, up $1.77 billion from the previous week.
-
Net reserves held by commercial banks stood at $5.527 billion, an increase of $162 million.
This significant boost puts Pakistan’s reserves at the highest level in over 27 months, offering much-needed breathing room for external payments and helping to strengthen the rupee’s position.
Analysts view this as a positive indicator of improving investor confidence, strong remittance inflows, and better external financing management — all critical in stabilizing the country’s economic outlook.
