Pakistan’s Foreign Reserves Surge to $11.4 Billion After IMF Loan

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by over $1 billion on a weekly basis, according to data issued by the central bank on Thursday. According to the latest data released by the SBP as of May 16, the foreign currency reserves held by the SBP were recorded at $11.446 billion, up $1.04 billion compared to $10.403 billion on May 09. Total liquid forex reserves held by the country, including net reserves held by banks other than the SBP, stood at $16.648 billion, up $1.03 billion over the previous week. The net reserves held by banks were recorded at $5.202 billion, registering a marginal decline of $9 million during the week. In a short statement, the central bank said the reserves increased as SBP received second tranche of SDR 760 million ($1,023 million) from the IMF under EFF program on May 13, 2025.