Karachi, May 15, 2025 – The foreign exchange reserves of Pakistan witnessed a notable increase of $131 million during the week ending May 9, 2025, even before accounting for the incoming tranche from the International Monetary Fund (IMF).
This rise highlights a modest but positive trend in the country’s financial position, particularly as it navigates its ongoing economic challenges with the support of the IMF.
According to data released by the State Bank of Pakistan (SBP), the total foreign exchange reserves of Pakistan rose to $15.614 billion as of May 9, compared to $15.483 billion recorded a week earlier on May 2. The SBP’s own reserves experienced a gain of $70 million, reaching $10.403 billion, up from $10.333 billion the previous week.
This upward movement in reserves comes just ahead of a significant addition: on May 13, 2025, the State Bank of Pakistan confirmed receipt of the second tranche from the IMF under its Extended Fund Facility (EFF). The installment, amounting to SDR 760 million (approximately $1.023 billion), is expected to be reflected in Pakistan’s reserves data for the week ending May 16, 2025. This inflow under extended fund facility will provide a further cushion to Pakistan’s external position and enhance its ability to meet international obligations.
Meanwhile, foreign exchange reserves held by commercial banks in Pakistan also registered growth. These reserves rose by $61 million to reach $5.211 billion, compared to $5.15 billion the previous week.
The IMF’s ongoing support remains vital for Pakistan as the country continues to implement structural reforms and stabilize its economy. With increased reserves and consistent IMF backing, Pakistan is working to strengthen its macroeconomic framework, boost investor confidence, and build a more resilient financial system. The increase in reserves ahead of the IMF tranche highlights the importance of sound monetary management amid global and domestic uncertainties.