Pakistan’s total foreign exchange reserves have crossed the $20 billion mark for the first time in the country’s history. The State Bank of Pakistan (SBP) shared this record-breaking update in its latest weekly report, calling it a significant economic milestone.
According to the data, official reserves held by the SBP reached $14.502 billion as of July 4. This marks an impressive increase of $1.774 billion within just one week. At the same time, commercial banks’ reserves also rose by $163 million, bringing their total to $5.526 billion.
Altogether, the combined foreign exchange reserves stood at $20.028 billion by the end of that week. Experts say this rise is largely due to inflows from international financial institutions, stronger remittances, and improved investor confidence following ongoing economic reforms.
The State Bank’s figures are being seen as a positive indicator of economic stability. Higher reserves provide a stronger buffer for imports, help manage external debt obligations, and contribute to rupee stability in the foreign exchange market.
This milestone comes at a critical time, as Pakistan continues efforts to stabilize its economy, secure long-term IMF support, and attract foreign investment. The rise in reserves may also ease pressure on inflation and support future policy planning.