Karachi, October 23, 2025 – Pakistan’s foreign exchange (forex) reserves recorded a weekly increase of $42 million, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
The country’s total liquid forex reserves reached $19.853 billion for the week ending October 17, 2025, compared to $19.811 billion reported a week earlier on October 10, 2025.
The SBP’s official reserves climbed by $14 million, bringing the total to $14.455 billion from the previous $14.441 billion. Meanwhile, reserves held by commercial banks also rose by $28 million, standing at $5.398 billion compared to $5.37 billion in the prior week.
Economists anticipate a further increase in Pakistan’s forex reserves in the coming weeks, driven by expected inflows from the International Monetary Fund (IMF).
On October 15, 2025, Pakistan and the IMF reached a Staff-Level Agreement (SLA), paving the way for the disbursement of $1.2 billion, pending approval from the IMF Executive Board.
The development marks a significant milestone in Pakistan’s ongoing economic stabilization efforts, aimed at improving fiscal discipline and advancing structural reforms.
According to an official IMF statement, discussions were led by Iva Petrova between September 24 and October 8, 2025, across Karachi, Islamabad, and Washington, D.C. The talks focused on the second review under the Extended Fund Facility (EFF) and the first review under the Resilience and Sustainability Facility (RSF).