SBP reserves fall by $72.4m in a week, total liquid reserves slip to $19.92bn 

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) declined by $72.4 million to $14.46 billion during the week ended July 18, 2025, reflecting a week-on-week decrease of 0.50 per cent, according to data released by the central bank on Thursday. 

The country’s total liquid foreign reserves also saw a drop, falling by $39.5 million to $19.92 billion. This marked a 0.19 per cent decline compared to the previous week. In contrast, the foreign exchange reserves held by commercial banks posted a slight rise, increasing by $31.9 million or 0.59 per cent to reach $5.46 billion. 

As of July 18, 2025, the SBP’s reserves stood at $14.46 billion, down from $14.53 billion a week earlier, showing a decrease of $69 million or 0.50 per cent. Net foreign reserves held by commercial banks rose to $5.46 billion from $5.43 billion, up by $28 million or 0.59 per cent. Consequently, the total liquid foreign reserves slipped to $19.92 billion from $19.96 billion, reflecting a week-on-week fall of $40 million or 0.19 per cent. 

Despite the recent dip, the SBP’s reserves have shown strong growth over the current fiscal year, climbing by $5.39 billion, or 59.49 per cent. Over the calendar year to date, the central bank’s reserves have risen by $2.75 billion, representing an increase of 23.45 per cent. 

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