SBP Foreign Exchange Reserves Rise by $16 Million, Reach $14.47 Billion

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $16 million over the past week, reaching $14.47 billion as of October 24, 2025, according to data released by the central bank on Thursday. The SBP reported that the country’s total liquid foreign reserves now stand at $19.69 billion, with net reserves held by commercial banks recorded at $5.22 billion. “During the week ended on 24-Oct-2025, SBP’s FX reserves increased by $16 million to $14,471.6 million,” the central bank said in its statement. Despite the weekly decline, import cover remained stable at 2.36 months, reflecting continued support from central bank inflows and controlled external payments. On a fiscal year-to-date basis, reserves are up by $419 million. Compared to the start of the calendar year, reserves have improved by $3.76 billion, supported by stronger remittances and restrained import demand. Market observers note that sustaining import cover above two months remains critical for exchange-rate stability ahead of scheduled IMF review milestones and external debt obligations.