IslamabadLiquid foreign exchange reserves in Pakistan decreased by $ 540 million, reaching 15.55 billion dollars from March 21, 2025, due primarily to external debt service, according to a report issued by the Pakistani State Bank (SBP) on Thursday.
SBP reserves fell to $ 10.61 billion, while net foreign reserves of commercial banks amounted to $ 4.94 billion. Despite the decrease, SBP reserves remain higher than a minimum of $ 10 billion, enough to cover more than two months of imports.
Analysts suggest that the upcoming financial flows, including the expected multilateral and dual finance, can help stabilize reserves in the near future.
The International Monetary Fund (IMF) recently reached an agreement with Pakistan in a new ranking of $ 1.3 billion and a review of the current rescue program for a period of 37 months. Waiting for approval, this will open additional financing, including one billion dollars for Pakistan under the continuous rescue program of $ 7 billion.
The International Monetary Fund in Pakistan praised its progress in restoring macroeconomic stability despite global challenges. The Pakistani Ministry of Finance stated that the country’s economy, which is worth $ 350 billion, settled under the support of the International Monetary Fund, which was crucial in avoiding the virtual crisis. However, Pakistan continues to face external financing obstacles as it seeks to preserve the temporary reserve stores and maintain economic stability.
