Pakistan's State Bank of Pakistan (SBP) recorded a modest $13 million increase in its foreign exchange reserves during the last week of 2025, reaching $15.915 billion as of December 26. This uptick contributed to total liquid reserves of $21.012 billion, despite a slight dip in commercial banks' net reserves to $5.097 billion.
Import Coverage
The reserves now provide approximately 3.2 months of import cover, offering a critical buffer against external payments and debt obligations, as noted by market analysts.
Historical Recovery
Over 2023-2025, SBP reserves transformed dramatically from below $3 billion in early 2023 barely covering weeks of imports amid default risks to the current stable levels, fueled by IMF support, bilateral aid from allies, and stronger remittances.
Gold Prices
Domestic gold prices fell by Rs2,400 per tola to Rs454,562, mirroring softer global bullion trends.
