Karachi, August 7, 2025 — Pakistan’s foreign exchange (forex) reserves declined by $111 million during the week ending August 1, 2025, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
Total forex reserves dropped to $19.496 billion, down from $19.607 billion recorded a week earlier on July 25, 2025. The central bank’s share of the forex reserves fell by $72 million, reaching $14.232 billion, compared to $14.304 billion the previous week. The SBP attributed this decrease to scheduled external debt repayments made by the government.
In addition to the decline in SBP-held reserves, the forex reserves maintained by commercial banks also witnessed a decrease. These reserves slipped by $39 million, falling to $5.264 billion from $5.303 billion in the prior week.
Despite the recent dip, Pakistan’s forex reserves remained relatively stable throughout July 2025. By the close of the fiscal year 2024–25, the country’s total forex reserves stood at $19.270 billion. Of this, $14.506 billion were held by the SBP, while $4.763 billion were with commercial banks.
The ongoing fluctuation in forex reserves highlights the impact of external obligations and the importance of consistent inflows to maintain economic stability. Policymakers continue to monitor the situation closely, with efforts underway to sustain and bolster the country’s forex reserve levels through improved current account management and foreign inflows.