Pakistan’s foreign exchange position strengthened slightly this week as the State Bank of Pakistan (SBP) recorded another increase in its reserves. According to the central bank’s latest weekly update, SBP-held reserves rose by $27 million during the week ending November 14, 2025, marking a modest 0.2% improvement.
The country’s total liquid foreign exchange reserves also saw an uptick, climbing to $19.738 billion, up from $19.724 billion recorded the previous week. The SBP’s share in these reserves reached $14.552 billion, compared to $14.525 billion a week earlier.
However, commercial banks saw a slight decline in their net holdings, which fell by $13 million, bringing their reserves down to $5.187 billion.
The overall movement reflects stable inflows at the central bank level while scheduled outflows and settlements continue to influence commercial banking reserves.
