SBP reserves rise $16bn in a week
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $15.7 million, or 0.10% WoW, to $15.9 billion during the week ended December 19, 2025, data released by the central bank showed on Friday.
However, the country’s total reserves declined by $66.4 million, or 0.31% WoW, to $21.02 billion.
Reserves held by commercial banks fell by $82.1 million, or 1.58% WoW, to $5.12 billion.
During the current fiscal year, SBP-held reserves have risen by $6.84 billion, reflecting an increase of 75.44%. Meanwhile, in the ongoing calendar year, SBP reserves have increased by $4.19 billion, or 35.8%.
| Foreign reserves held by | December 19, 2025 | December 12, 2025 | Change | % Change |
|---|---|---|---|---|
| State Bank of Pakistan | 15,902.5 | 15,886.8 | 15.7 | 0.10% |
| Net Foreign Reserves Held by Banks | 5,120.1 | 5,202.2 | -82.1 | -1.58% |
| Total Liquid Foreign Reserves | 21,022.6 | 21,089.0 | -66.4 | -0.31% |
Amount in USD Million
The State Bank of Pakistan also released monthly data which shows its reserves having increased, with SBP-held reserves rising by $85.90 million to $14.5888 billion in November 2025, compared to $14.5029 billion a month earlier.
On a year-on-year basis, SBP’s reserves rose by $2,550.90 million, or 21.19%, from $12.0379 billion in November 2024.
Net foreign reserves held by commercial banks stood at $4.5483 billion, down from $4.6711 billion a month earlier, showing a decline of $122.80 million.
Compared to $4.0906 billion in November last year, commercial banks’ reserves increased by $457.70 million.
Total liquid foreign reserves held by the country at the end of November 2025 stood at $19.1371 billion, compared to $19.1740 billion in the previous month, reflecting a net decrease of $36.90 million.
On a yearly basis, Pakistan’s total reserves increased by $3,008.60 million, or 18.65%.
