Pakistan’s liquid foreign reserves stood at $21,022.6 million. According to data shared by the State Bank of Pakistan (SBP) on Friday, the central bank held $15,902.5 million, while commercial banks had net foreign reserves of $5,120.1 million.
During the week ending December 19, 2025, SBP’s reserves increased by $16 million to reach $15,902.5 million. A week earlier, they had risen by $1.3 billion to $15,886.8 million. The increase was mainly due to the receipt of SDR 914 million, equivalent to about $1.2 billion, from the IMF under the Extended Fund Facility and Resilience and Sustainability Facility.
Earlier in December, during the week ending December 5, SBP’s reserves rose by $12 million to $14,586.5 million. In the previous weeks, reserves had been gradually increasing by small amounts, ranging from $9 million to $27 million each week. Similarly, in the weeks before that, reserves continued to rise steadily, showing incremental growth of $11 million to $34 million.
In July and June, the reserves experienced both rises and drops. During the week ending July 25, SBP’s reserves fell by $153 million to $14,303.9 million, following a previous decrease of $69 million.
Earlier, there had been notable increases, including jumps of $1,774 million and $3,663 million due to official inflows and multilateral or commercial loans. In June, reserves dropped by $2,657 million to $9,064.5 million because of external debt repayments, mainly commercial borrowings. In the preceding weeks, reserves had increased by smaller amounts ranging from $46 million to $167 million.
Overall, Pakistan’s foreign reserves have shown a pattern of gradual increases over the months, interrupted occasionally by repayments and withdrawals, with recent rises supported by IMF assistance and official inflows.
