Karachi, December 4, 2025 – Pakistan’s foreign exchange reserves recorded a marginal decline during the week ending November 28, 2025, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
The combined foreign reserves fell by $16 million, reflecting minor fluctuations in external sector indicators.
The SBP reported that the country’s total liquid foreign exchange reserves dipped to $19.589 billion, compared to $19.605 billion in the previous week ending November 21, 2025. Despite the decrease at the national level, the central bank’s own reserves registered a slight improvement.
The SBP’s official reserves increased by $14 million, reaching $14.575 billion, up from $14.561 billion a week earlier. This rise reflects the central bank’s continued efforts to manage external payments and maintain currency stability amid global market volatility.
In contrast, commercial banks’ reserves declined, falling by $30 million to $5.014 billion, compared to $5.044 billion the previous week. The drop indicates ongoing demand in the private sector and routine external obligations.
For several weeks, the SBP has worked to stabilize Pakistan’s external sector by carefully managing inflows and outflows of foreign currency. Market confidence is expected to strengthen further as Pakistan awaits a significant disbursement from the International Monetary Fund (IMF).
The IMF Executive Board is scheduled to convene on December 8, 2025, where it is expected to approve a $1.2 billion tranche for Pakistan. The funds will be released under the Extended Fund Facility (EFF) and Climate Resilient Support (CRS) program, providing a timely boost to the country’s foreign exchange reserves and supporting economic stability.