Karachi, July 3, 2025 – Pakistan’s foreign exchange (forex) reserves have surged past the $18 billion mark, signaling renewed confidence in the country’s external position.
According to the latest data released by the State Bank of Pakistan (SBP), the total net liquid forex reserves stood at $18.09 billion for the week ending June 27, 2025, reflecting a substantial rise of $3.694 billion compared to $14.397 billion recorded a week earlier.
This significant increase comes as a major boost for Pakistan’s financial stability, with the forex reserves now at their highest level in recent years. The SBP’s own share of these reserves rose sharply by $3.664 billion to reach $12.728 billion, up from $9.064 billion in the preceding week.
The SBP said that its reserves increased further to $14.51 billion as on June 30, 2025 due to realization of additional government inflows.
The SBP yesterday issued a separate statement confirming that its official forex reserves touched $14.51 billion as of June 30, 2025, marking an overall increase of $5.12 billion over the course of fiscal year 2024-25. This gain is being attributed to improved current account performance and the realization of scheduled financial inflows. “This reflects a noticeable improvement in the country’s current account balance and realization of planned inflows during the year,” the central bank stated.
The increase of $1.78 billion in just the final three days of the fiscal year further highlights the momentum gained in boosting forex reserves, and indicates that Pakistan’s financial authorities successfully executed end-of-year inflow strategies.
In addition, the forex reserves maintained by commercial banks also experienced a modest increase of $30 million, reaching $5.363 billion by June 27, 2025, up from $5.333 billion the day before.
Compared to the end of fiscal year 2023-24, when net forex reserves stood at $13.996 billion, the current level represents a year-on-year growth of approximately 30%. This upward trajectory underscores Pakistan’s improved fiscal management and strengthening external sector.
The surge in forex reserves is likely to enhance investor sentiment, support exchange rate stability, and create fiscal space for future economic planning. Analysts suggest that continued reforms, controlled imports, and inflows from international partners are vital to sustaining this positive trend in forex reserves.