Pakistan’s foreign exchange reserves recorded a significant increase of $3.203 billion during the current calendar year. The rise reflects stronger inflows and improved management of foreign currency.
The State Bank of Pakistan (SBP) reported that its reserves increased by $2.876 billion. Commercial banks also contributed, with their reserves rising by $328 million.
At the end of the previous year, Pakistan’s total foreign exchange reserves stood at $16.409 billion, including $11.71 billion held by the SBP and $4.698 billion with commercial banks. By the end of the current year, total reserves reached $19.612 billion, with $14.58 billion at the SBP and $5.026 billion at commercial banks.
The International Monetary Fund (IMF) has released a $1.2 billion tranche for Pakistan. The SBP has received the amount, and it will be reflected in official foreign exchange data at the end of the week. After this addition, Pakistan’s total reserves are expected to rise by a further $1.2 billion.
Current reserves in Pakistan are sufficient to cover 2.77 months of imports, ensuring short-term import stability. Analysts say this increase strengthens the country’s financial position and boosts investor confidence.
Experts attribute the growth in reserves to timely inflows from international partners, remittances from overseas Pakistanis, and strategic management by the SBP. The government is also taking steps to improve the balance of payments and maintain a stable currency.
Officials said that maintaining adequate foreign exchange reserves is critical for Pakistan to meet its import obligations, support economic growth, and manage external shocks. The country’s authorities continue to monitor reserves closely to ensure stability in the financial and trade sectors.
In other related news also read Pakistan Launches Nationwide Anti-Polio Drive
The increase in reserves is seen as a positive step for Pakistan’s economic stability, highlighting ongoing efforts to strengthen the country’s external accounts amid global financial uncertainties.
