Karachi, October 30, 2025 – Pakistan’s foreign exchange reserves witnessed a weekly decline of $165 million, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
The country’s total liquid foreign exchange reserves stood at $19.688 billion by the week ending October 24, 2025, compared to $19.853 billion recorded a week earlier on October 17, 2025.
Breaking down the figures, official reserves of State Bank of Pakistan slightly increased by $17 million, reaching $14.472 billion from $14.455 billion in the previous week. This marginal gain reflects improved external account management and inflows from multilateral sources.
However, the foreign exchange reserves held by commercial banks posted a sharp decline of $182 million, dropping to $5.216 billion from $5.398 billion a week ago, largely due to external debt payments and reduced foreign currency deposits.
Economists say the short-term fluctuation in reserves is part of normal market adjustments but expect reserves to rise in the coming weeks as Pakistan anticipates fresh inflows from the International Monetary Fund (IMF).
Recently, Islamabad and the IMF reached a staff-level agreement under the ongoing Extended Fund Facility (EFF). Upon approval by the IMF’s Executive Board, Pakistan is likely to receive a $1 billion disbursement, which is expected to strengthen the SBP’s reserves and stabilize the rupee.