Karachi, June 5, 2025 – Pakistan’s total foreign exchange (forex) reserves declined modestly to $16.598 billion for the week ending May 30, 2025, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
The country’s forex reserves fell by $39 million compared to the previous week’s level of $16.637 billion, recorded on May 23, 2025. The minor dip reflects pressures on the external account, although reserves remain relatively stable due to recent foreign inflows.
According to the SBP, its own official forex reserves registered a slight decline of $7 million, reaching $11.509 billion by the end of the reporting week, down from $11.516 billion a week earlier. Despite the marginal fall, the SBP noted that reserves have been reinforced by a recent disbursement of approximately $1 billion from the International Monetary Fund (IMF), under the Extended Fund Facility (EFF).
The SBP remains optimistic about further improvements in Pakistan’s forex reserves, anticipating additional inflows from bilateral and multilateral sources in the coming weeks. These include expected support from global financial institutions and friendly countries, which could help cushion the balance of payments.
Meanwhile, the forex reserves held by commercial banks declined more sharply, falling by $32 million to $5.089 billion as of May 30, 2025, compared to $5.121 billion a week earlier. This component of the forex reserves is closely watched for private sector foreign currency holdings and commercial financing activities.
In total, Pakistan’s forex reserves, while slightly reduced, remain at a level that the SBP considers manageable, particularly in light of continued international financial support. The SBP emphasized its commitment to maintaining adequate forex reserves to support external stability and meet upcoming debt obligations. As the country navigates economic reforms and engages with international partners, the SBP continues to play a pivotal role in safeguarding Pakistan’s forex position.