Karachi, October 9, 2025 – Pakistan’s foreign exchange (forex) reserves recorded a slight increase, reaching $19.81 billion by the week ended October 3, 2025, according to data released by the State Bank of Pakistan (SBP) on Thursday.
The total forex reserves rose by $14 million compared to the previous week’s figure of $19.796 billion as of September 26, 2025. The SBP’s official forex reserves increased by $20 million, settling at $14.42 billion, up from $14.40 billion a week earlier.
Meanwhile, forex reserves held by commercial banks saw a slight dip of $6 million, reaching $5.39 billion compared to $5.396 billion in the preceding week.
Economists suggest that the marginal improvement reflects cautious optimism in the external sector amid expectations of upcoming foreign inflows. Pakistan is anticipating the third tranche from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF), which is expected to further strengthen the forex reserves position.
The IMF, following its review meeting on October 8, expressed satisfaction with Pakistan’s reform progress and compliance with the loan program. Market analysts believe that sustained inflows from multilateral lenders and remittances will help stabilize the exchange rate and support the country’s financial outlook in the coming months.
The SBP continues to monitor external accounts closely, aiming to maintain stable forex reserves and ensure smooth foreign payments amid evolving global economic conditions.