{"id":101931,"date":"2025-04-15T17:52:45","date_gmt":"2025-04-15T12:52:45","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101931"},"modified":"2025-04-15T17:52:49","modified_gmt":"2025-04-15T12:52:49","slug":"pakistans-forex-reserves-to-hit-usd-14-bn-by-june","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistans-forex-reserves-to-hit-usd-14-bn-by-june.html","title":{"rendered":"Pakistan&#8217;s forex reserves to hit USD 14 bn by June"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Karachi: The State Bank of Pakistan (SBP) Governor, Jameel Ahmad, has expressed confidence that Pakistan\u2019s foreign exchange reserves will reach USD 14 billion by June 2025, following a combination of external inflows and payments due in the coming months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ahmad outlined that Pakistan had USD 2 billion in external payments due over the next two-and-a-half months. However, he emphasized that the country was expecting between USD 4 billion to USD 5 billion in foreign inflows during the same period. This would result in a net addition of USD 2 billion to USD 3 billion to the nation\u2019s reserves.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The SBP chief noted that the foreign reserves are set to grow as the government continues to receive substantial foreign inflows, stabilizing Pakistan\u2019s financial standing. \u201cWe expect a net addition of USD 2 to USD 3 billion, which will bring the total forex reserves to USD 14 billion by June 2025,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-reports-32-5-growth-in-remittances.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP reports 32.5% growth in remittances, totaling USD 24 bn<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In response to concerns over trade relations, Ahmad also discussed the impact of tariffs on Pakistan&#8217;s exports to the United States. He revealed that Pakistan\u2019s exports to the US stood at USD 5.2 billion, with USD 4.2 billion coming from textile exports. Despite concerns over new tariffs, Ahmad suggested that falling global oil prices would mitigate potential negative effects, resulting in a net positive impact on exports.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moreover, Ahmad highlighted a positive trend in Pakistan\u2019s import bill, which had increased by USD 500 million. However, this was offset by a USD 1 billion reduction in oil imports, leading to a net relief of USD 500 million. The Governor also disclosed that the SBP had resumed dollar purchases, which were helping stabilize both foreign exchange reserves and the exchange rate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read: <a href=\"https:\/\/www.zameen.com\/news\/forex-reserves-rise-to-usd-15-94-bn-sbp.html\">Forex reserves rise to USD 15.94 bn: SBP<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the fiscal front, Ahmad assured that the government remained committed to maintaining a budget deficit of 6 percent, noting fiscal relief measures that would reduce payments from PKR 9.8 trillion to PKR 8.8 trillion, saving the country PKR 1 trillion in the process. Despite potential shortfalls in revenue targets, the Governor downplayed the concerns, stating that they would not significantly affect the overall fiscal position.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In his final remarks, Ahmad addressed Pakistan&#8217;s external challenges, projecting a current account surplus for the remainder of the fiscal year, including the month of March. He attributed this to factors such as economic recovery in Gulf countries, an effective crackdown on informal remittance channels, and a narrowing gap between open market and interbank exchange rates. Additionally, he pointed to the seasonal rise in remittances during Ramazan as a contributing factor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read: <a href=\"https:\/\/www.zameen.com\/news\/rise-projected-in-foreign-exchange-reserves.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP projects foreign exchange reserves to exceed USD 13 bn by June<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With these developments, Pakistan&#8217;s financial outlook appears poised for improvement, with the central bank taking key steps to stabilize the economy and ensure robust foreign reserves by mid-2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) Governor, Jameel Ahmad, has expressed confidence that Pakistan\u2019s foreign exchange reserves will reach USD 14 billion by June 2025, following a combination of external inflows and payments due in the coming months. Ahmad outlined that Pakistan had USD 2 billion in external payments due over the next two-and-a-half months. However, he emphasized that the country was expecting between USD 4 billion to USD 5 billion in foreign inflows during the same period. This would result in a net addition of USD 2 billion to USD 3 billion to the nation\u2019s reserves. The SBP chief noted that the foreign reserves are set to grow as the government continues to receive substantial foreign inflows, stabilizing Pakistan\u2019s financial standing. \u201cWe expect a net addition of USD 2 to USD 3 billion, which will bring the total forex reserves to USD 14 billion by June 2025,\u201d he said. Read: SBP reports 32.5% growth in remittances, totaling USD 24 bn In response to concerns over trade relations, Ahmad also discussed the impact of tariffs on Pakistan&#8217;s exports to the United States. He revealed that Pakistan\u2019s exports to the US stood at USD 5.2 billion, with USD 4.2 billion&hellip;<\/p>\n","protected":false},"author":18,"featured_media":76277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[37671,63806,62424,63808,60051,7077,60859,7712,63810,52550,34475,63812,63809,4579,6066,2631,59039,63807,63811],"persona":[],"class_list":["post-101931","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-developments","tag-current-account-surplus","tag-dollar-purchases","tag-economic-outlook","tag-exchange-rate-stability","tag-fiscal-deficit","tag-foreign-exchange","tag-foreign-inflows","tag-forex-reserves","tag-jameel-ahmad","tag-oil-imports","tag-pakistan-economy","tag-pakistan-financial-forecast","tag-ramazan-remittances","tag-remittances","tag-sbp","tag-state-bank-of-pakistan","tag-textile-exports","tag-trade-balance","tag-us-pakistan-trade","cat-15016-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan&#039;s forex reserves to hit USD 14 bn by June - Zameen News<\/title>\n<meta name=\"description\" content=\"The SBP chief noted that the foreign reserves are set to grow as the government continues to receive substantial foreign inflows....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistans-forex-reserves-to-hit-usd-14-bn-by-june.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan&#039;s forex reserves to hit USD 14 bn by June - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The SBP chief noted that the foreign reserves are set to grow as the government continues to receive substantial foreign inflows....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistans-forex-reserves-to-hit-usd-14-bn-by-june.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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