SBP Foreign Exchange Reserves 2025 Rise to $14.44 Billion Amid IMF Deal Boost

SBP foreign exchange reserves 2025 have increased by $21 million in the past week, reaching $14.44 billion as of October 10, 2025. This steady growth highlights improved financial stability and growing confidence in Pakistan’s economic outlook. The data, released by the State Bank of Pakistan (SBP), comes at a critical time as the country continues to strengthen its external financing position.

Steady Growth in Pakistan’s Reserves

According to the SBP, total liquid foreign reserves — including holdings by both the central bank and commercial banks — now stand at $19.81 billion. Of this amount, commercial banks hold $5.37 billion in net foreign reserves. This steady climb in reserves reflects improved foreign inflows and better financial management by the central bank.

IMF Tranche Brings Confidence to Markets

The rise in SBP foreign exchange reserves 2025 coincides with Pakistan and the IMF’s staff-level agreement to release a $1.2 billion tranche. This agreement is expected to boost investor confidence, support currency stability, and attract more international financing. Analysts see this as a positive sign for Pakistan’s stabilization agenda and long-term economic growth.

With new liquidity entering the economy, Pakistan may also gain easier access to global capital markets. This would help maintain upward momentum in reserves and strengthen the country’s balance of payments position.

Building a Stronger Financial Cushion

The SBP’s rising reserves are especially significant given the country’s ongoing debt servicing and external financing needs. In early October, reserves stood at $14.42 billion, and the recent uptick shows resilience despite economic challenges. Experts say converting this reserve buildup into import cover will be vital for managing external vulnerabilities in the coming months.

Outlook for Pakistan’s Economy

Looking ahead, economists believe that sustained inflows from multilateral institutions, remittances, and foreign investments could help SBP foreign exchange reserves 2025 climb further. However, they also warn that global commodity price fluctuations and debt repayments may influence the pace of this growth. Maintaining fiscal discipline and implementing structural reforms will be key for long-term stability.

Positive Signals for Investors

The increase in reserves is also sending a positive signal to foreign investors, indicating stronger economic fundamentals. A more stable reserve position can help reduce currency volatility and build confidence in Pakistan’s financial system. With the IMF program in motion and stronger inflows expected, the SBP is in a better position to support economic recovery.