Pakistan’s total liquid foreign exchange reserves rose to $17.1 billion as of June 13, 2025, according to the latest data released by the State Bank of Pakistan (SBP).
SBP-held reserves increased by $46 million in the week ending June 13, reaching $11.7 billion. Net foreign reserves held by commercial banks stood at $5.3 billion.
The growth in reserves is attributed to continued foreign inflows and the central bank’s dollar purchases from the local market. This bolstering of reserves helps cushion against upcoming external payment obligations but also prevents the Pakistani rupee from strengthening.Â
Over the past month and a half, the rupee has lost three rupees against the dollar, reaching an 18-month low, as rising imports and debt repayments continue to exert pressure on the currency. This decline further diminishes the already weak purchasing power of the public.
The SBP reported net foreign exchange interventions amounting to $223 million in February 2025, bringing cumulative purchases to $5.3 billion for the first eight months of FY25 (July 2024 to February 2025).
