SBP forex reserves rise by $71m to $10.4bn

KARACHI: Pakistan’s central bank’s foreign exchange reserves increased by $71 million to $10.403 billion during the week ended May 9, the State Bank of Pakistan said on Thursday.

The total liquid foreign reserves held by the country rose by $131 million to $15.614 billion. The reserves of commercial banks also increased by $61 million to $5.211 billion.“On May 13, 2025, the SBP received the second tranche of SDR760 million ($1,023 million) from the IMF under the EFF programme. The amount will be reflected in SBP’s foreign exchange reserves for the week ending on May 16,” the central bank said in a statement.

The latest IMF disbursement provides much-needed relief to Pakistan’s fragile finances, helping to boost the country’s foreign exchange reserves and stabilise the economy. The SBP forecasts that the current account will remain in surplus throughout fiscal year 2025 and anticipates that its foreign exchange reserves will rise to $14 billion by June 2025.