SBP forex reserves rise by $5.12 b in FY2025

KARACHI: Pakistan’s government foreign exchange reserves increased by $5.12 billion during the fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP).

As of June 30, 2025, the reserves stood at $14.51 billion, compared to $9.39 billion at the end of the previous fiscal year on June 30, 2024.

The SBP attributed the increase to an improvement in the current account balance and planned inflows during the year.

In a statement, the central bank said, “This reflects a noticeable improvement in the country’s current account balance and realisation of planned inflows during the year”.

However, much of this hike came just last week. The SBP received $3.1 billion in commercial loans as well as over $500 million in multilateral funding. Moreover, the central bank also scooped up $6.8 billion from the interbank market between June 2024 and March 2025, primarily to meet external debt obligations.

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