The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by $28 million, reaching $14.30 billion, the central bank reported on Thursday.
According to SBP data, the reserves have been on a steady upward trend in recent weeks. For the week ending August 8, reserves stood at $14.243 billion, followed by $14.256 billion on August 15, and $14.274 billion by August 22.
Including reserves held by commercial banks, the country’s total liquid foreign exchange reserves were recorded at $19.62 billion as of August 22.
Pakistan’s foreign reserves have recovered significantly from mid-2023 levels, when they fell below $4 billion during the peak of the country’s economic crisis. The buildup has been supported by IMF loan disbursements, higher remittances, and reforms aimed at improving external account stability.
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Analysts note that while the increase is modest, a steady rise in SBP-held reserves improves Pakistan’s capacity to meet external debt obligations, finance imports, and shield the economy from external shocks.
