The State Bank of Pakistan (SBP) reported a modest rise in its foreign exchange reserves, which increased by $14 million to reach $14.46 billion for the week ending October 17, 2025. According to official data released on Thursday, the country’s total liquid foreign reserves, including holdings of commercial banks, also climbed by $43 million, bringing the overall figure to $19.85 billion.
Of this total, commercial banks accounted for $5.40 billion in net foreign reserves. Despite the slight improvement, Pakistan’s import cover remained stable at 2.65 months, suggesting that the external financial position has maintained steady ground without major fluctuations.
The upward trend in reserves since June 2025 continues, with total holdings having expanded by $1.76 billion over the period. This growth has largely been supported by consistent inflows from international development partners and strong remittance contributions from overseas Pakistanis.
Analysts view the latest increase as a sign of resilience amid global economic uncertainty and domestic fiscal pressures. While the rise is modest, it underscores ongoing efforts to maintain stability in Pakistan’s external accounts and strengthen confidence in the country’s financial management.
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