Pakistan’s foreign exchange reserves showed a slight improvement this week, according to data released by the State Bank of Pakistan (SBP). Liquid reserves increased by $13 million, reaching $15.915 billion for the week ending December 26, 2025.
The country’s total foreign exchange reserves, including commercial banks’ holdings, stood at $21.012 billion. While SBP’s reserves rose slightly, banks’ reserves decreased by $23 million, closing at $5.09 billion.
Analysts from Topline Securities projected that Pakistan’s foreign exchange reserves could reach $17.4 billion by June 2026. They cited ongoing foreign inflows and policy measures by the SBP as key drivers of growth.
The SBP’s weekly report indicates that despite minor weekly fluctuations, Pakistan’s foreign exchange reserves remain stable enough to support imports and external obligations. Economists note that maintaining adequate reserves is essential for financial stability, investor confidence, and currency management.
In recent months, the SBP has implemented several measures to protect reserves, including stricter monitoring of import payments and encouraging foreign inflows. These steps aim to strengthen liquidity and provide the central bank with more tools to manage the rupee.
While banks’ reserves saw a small decline, experts said this is a routine adjustment in the financial system. The overall increase in SBP’s liquid reserves reflects positive trends in foreign currency flows and effective monetary management.
Maintaining healthy Pakistan’s foreign exchange reserves is seen as crucial for the country’s economic resilience. Analysts emphasize that continued inflows, fiscal discipline, and policy reforms will be vital to achieving stronger reserve levels in 2026.
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The upcoming months will be closely watched by investors and policymakers alike. Steady growth in reserves is expected to stabilize the currency, support imports, and improve Pakistan’s overall economic outlook.
