Karachi, November 20, 2025 – Pakistan’s foreign exchange reserves recorded a slight increase of $14 million during the week ending November 14, 2025, according to data released by the State Bank of Pakistan (SBP).
The central bank reported that this rise pushed the country’s total foreign exchange reserves to $19.738 billion, up from $19.724 billion recorded in the previous week ending November 4. This modest gain reflects gradual improvements in Pakistan’s external liquidity position.
Breaking down the figures, SBP’s own reserves increased by $26 million, reaching $14.551 billion, compared with $14.525 billion the previous week. On the other hand, commercial banks experienced a decline of $12 million in their foreign currency holdings, bringing their reserves to $5.187 billion from $5.199 billion the week before.
Economic analysts suggest that Pakistan’s reserves are likely to see further growth in the coming weeks, driven by anticipated inflows from international financial institutions. The International Monetary Fund (IMF) is expected to approve a disbursement of $1.2 billion for Pakistan on December 8, 2025. These funds are projected to reach the State Bank of Pakistan the following day, which could further strengthen the country’s external reserves and provide relief to its balance of payments.
The slight uptick in foreign reserves comes amid ongoing efforts by Pakistan to stabilize its economy and maintain adequate liquidity for imports and debt obligations. Analysts note that continued support from the IMF and other international partners will be critical in sustaining the country’s foreign exchange position in the months ahead.