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Liquid foreign reserves surge above $18bn

State Bank of Pakistan, Thursday, reported that the total liquid foreign reserves of Pakistan surged to US$ 18,091.1 million while the reserves held by the central bank increased to $ 12,727.8 million as of June 27, 2025. Moreover, SBP’s foreign exchange reserves closed at US$ 14.51 billion by the end of the fiscal year 2024-25, the central bank earlier announced, highlighting a noticeable improvement in the country’s current account balance and realization of planned inflows during the FY 2024-25. According to the provisional data for FY25, “SBP’s FX reserves has recorded an increase of US$ 5.12 billion to reach US$ 14.51 billion as on 30 June 2025 compared to US$ 9.39 billion as on 30 June 2024,” the central bank has announced on the first working day of the new fiscal year. On the weekly basis, SBP reserves increased by $ 3,663 million to $ 12,727.8 million due to receipt of GOP multilateral and commercial loans during the week ended on 27 June 2025, the central bank reported in its statement on liquid foreign reserves position, adding that the net foreign reserves held by the commercial banks recorded as $ 5,363.3 million. Total liquid foreign reserves held by the country, in the previous week ended on June 20, 2025, were $ 14,397.4 million. Among them the central bank held foreign reserves recorded as $ 9,064.5 million while the commercial banks held reserves of $ 5,332.9 million. The foreign reserves witnessed a sizable but transient decline in the week ended on 20 June when SBP reserves decreased by $ 2,657 million to $ 9,064.5 million due to GoP external debt repayments while in the following week receipt of the GOP commercial loans equivalent to $ 3,100 million and multilateral loans of over $ 500 million helped elevating the SBP reserves to current level. However, it seems that some inflows are not reflected in the forex reserve position for the week under review as per set reporting procedure and the same are expected to be added up in the statement for the coming week.

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