Pakistan’s foreign exchange reserves rose slightly last week, reaching $14.44 billion as of October 10, 2025, the State Bank of Pakistan (SBP) reported on Thursday. This represents an increase of $21 million compared to the previous week.
The total liquid foreign reserves, which include holdings by commercial banks, stood at $19.81 billion. Out of this, commercial banks held $5.37 billion in net reserves. Analysts say this steady rise in forex reserves indicates improving confidence in Pakistan’s financial stability.
The increase in reserves comes just after Pakistan and the International Monetary Fund (IMF) reached a staff-level agreement to release a $1.2 billion tranche. This deal is expected to strengthen the country’s stabilization efforts and provide fresh liquidity to the market.
In recent weeks, the SBP’s forex reserves have shown consistent growth, moving up from $14.42 billion in early October. This upward trend continues despite ongoing debt repayments and external economic pressures. The central bank’s efforts to maintain healthy reserves are seen as critical to supporting Pakistan’s import requirements and currency stability.
Experts note that the IMF deal could open opportunities for Pakistan to access new capital markets, potentially further boosting forex reserves. However, converting these reserves into practical import cover will remain an essential challenge. Maintaining sufficient reserves will help cushion the economy against external vulnerabilities and unexpected financial shocks.
The government and central bank continue to monitor reserves closely while pursuing policies to stabilize the economy. The consistent increase in forex reserves reflects cautious optimism among investors and international partners regarding Pakistan’s economic outlook.
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As Pakistan navigates its fiscal and external challenges, forex reserves will remain a key indicator of the country’s financial health. Analysts expect the recent IMF tranche to provide additional support for sustaining this positive trend.
