Pakistan’s total foreign exchange reserves were recorded at US$15.75 billion during the week ending April 4, citing the State Bank of Pakistan (SBP).
The reserves held by the SBP increased by US$23 million, reaching US$10.69 billion during the same period, while the country’s net foreign reserves held by commercial banks stood at US$5.05 billion. According to the SBP, its reserves rose by US$23 million, reaching US$10,699.4 million during the week ending April 4, 2025.
This positive shift in the reserves is a welcome sign for Pakistan’s economy, which has been facing significant challenges in recent months. Despite the ongoing financial pressures, this modest increase reflects a steady recovery, albeit slower than some may have hoped. Notably, last week’s data showed a rise of $70 million in the SBP’s reserves, bringing them to $10.68 billion during the week ending March 28.
Pakistan’s total liquid foreign reserves amounted to $15.58 billion, a sum that includes reserves held by both the SBP and commercial banks. The net reserves held by commercial banks stood at $4.90 billion, marking a significant portion of the total reserves. The rise in reserves is expected to provide some relief amid challenges such as inflation, fiscal deficits, and ongoing structural reforms in the country’s financial sector.
However, despite the increase in reserves, the central bank has not specified the underlying reasons for this rise, leaving some questions unanswered. Analysts speculate that the increase could be linked to ongoing financial support from international creditors or improvements in remittances. Nevertheless, the overall increase in reserves is being viewed as a positive step toward stabilizing Pakistan’s foreign exchange position.
The government remains focused on efforts to boost the country’s reserves further, as maintaining adequate foreign exchange reserves is crucial for managing import payments and stabilizing the national currency. This rise is expected to offer some temporary relief, but Pakistan still faces significant challenges in achieving long-term economic stability.