The State Bank of Pakistan (SBP) reported a notable increase in its foreign exchange reserves, which rose by $118.1 million to reach $10.33 billion for the week ending May 2, 2025.
This marks a 1.16% week-on-week growth, according to data released on Thursday.
The country’s total liquid foreign reserves also saw an uptick, climbing by $230.8 million to stand at $15.48 billion. This overall increase reflects a 1.51% rise compared to the previous week.
Commercial banks contributed to this growth, with their net foreign reserves increasing by $112.7 million to $5.15 billion, representing a 2.24% week-on-week gain.
The SBP did not provide specific reasons for the recent increase in reserves.
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Earlier this week, the SBP announced a reduction in the key interest rate by 100 basis points, bringing it down to 11%, effective from May 6, 2025. This decision was primarily influenced by steady disinflation trends.
