{"id":102673,"date":"2025-07-04T11:02:00","date_gmt":"2025-07-04T06:02:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=102673"},"modified":"2025-07-03T17:19:53","modified_gmt":"2025-07-03T12:19:53","slug":"sbp-reports-usd-14-51-bn-in-forex-reserves","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-reports-usd-14-51-bn-in-forex-reserves.html","title":{"rendered":"Pakistan crosses IMF\u2019s reserve target with USD 14.51 bn in forex holdings"},"content":{"rendered":"\n

Karachi<\/strong>: In a significant development on the economic front, the State Bank of Pakistan (SBP) has reported that its foreign exchange reserves rose to USD 14.51 billion by the end of the fiscal year 2024\u201325, surpassing the International Monetary Fund\u2019s (IMF) set target of USD 13.9 billion.<\/p>\n\n\n\n

According to provisional data released on Wednesday, SBP\u2019s reserves increased by USD 5.12 billion over the fiscal year, climbing from USD 9.39 billion as of June 30, 2024, to USD 14.51 billion by June 30, 2025. This marks one of the strongest reserve performances in recent years and comes despite significant external debt servicing pressures.<\/p>\n\n\n\n

The increase is largely attributed to a series of timely foreign inflows, including USD 3.1 billion in commercial loans and over USD 500 million from multilateral sources in the final week of June. These inflows played a pivotal role in boosting Pakistan\u2019s external buffers and meeting the IMF\u2019s Extended Fund Facility (EFF) benchmarks.<\/p>\n\n\n\n

Read: SBP sets USD 200 threshold, scraps old incentives in remittance policy shift<\/a><\/p>\n\n\n\n

Governor SBP Jameel Ahmed, earlier this year, had forecast that foreign reserves could surpass the USD 14 billion mark by the end of FY25, despite the country\u2019s heavy external repayment obligations. His projection proved accurate, as the central bank secured critical support in the final stretch of the fiscal year.<\/p>\n\n\n\n

Economists view this achievement as a positive indicator of improving macroeconomic fundamentals. Factors such as a reduced current account deficit, stronger remittance flows, and disciplined fiscal policy under IMF guidance are being credited for the upward trend.<\/p>\n\n\n\n

Commenting on the development, Muhammad Sohail, CEO of Topline Securities, said the reserves exceeding the IMF target signal a stabilizing external sector. \u201cIt reflects improved external account management, rising remittances, and stronger export performance,\u201d he noted.<\/p>\n\n\n\n

While the reserves briefly fell during the week ending June 20 \u2014 dipping by USD 2.657 billion to USD 9.064 billion due to debt repayments \u2014 the SBP managed to recover the position with swift inflows in the final days of the fiscal year.<\/p>\n\n\n\n

Read: PKR edges up; gold prices surge amid SBP\u2019s record liquidity injection<\/a><\/p>\n\n\n\n

Analysts suggest that the reserve boost will enhance investor confidence, strengthen Pakistan\u2019s negotiating position with international lenders, and provide a cushion against external shocks in the months ahead.<\/p>\n\n\n\n

The development comes as Pakistan prepares for fresh talks with the IMF and other global institutions, with reserve stability likely to be a key topic of engagement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Karachi: In a significant development on the economic front, the State Bank of Pakistan (SBP) has reported that its foreign exchange reserves rose to USD 14.51 billion by the end of the fiscal year 2024\u201325, surpassing the International Monetary Fund\u2019s (IMF) set target of USD 13.9 billion. According to provisional data released on Wednesday, SBP\u2019s reserves increased by USD 5.12 billion over the fiscal year, climbing from USD 9.39 billion as of June 30, 2024, to USD 14.51 billion by June 30, 2025. This marks one of the strongest reserve performances in recent years and comes despite significant external debt servicing pressures. The increase is largely attributed to a series of timely foreign inflows, including USD 3.1 billion in commercial loans and over USD 500 million from multilateral sources in the final week of June. These inflows played a pivotal role in boosting Pakistan\u2019s external buffers and meeting the IMF\u2019s Extended Fund Facility (EFF) benchmarks. Read: SBP sets USD 200 threshold, scraps old incentives in remittance policy shift Governor SBP Jameel Ahmed, earlier this year, had forecast that foreign reserves could surpass the USD 14 billion mark by the end of FY25, despite the country\u2019s heavy external repayment obligations. His…<\/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":[15017],"tags":[65553,62423,7498,39638,62421,61739,59295,7077,65655,63539,65654,63705,65652,65656,34475,4579,65653,51977,2631,63989],"persona":[],"class_list":{"0":"post-102673","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-commercial-loans","9":"tag-current-account","10":"tag-economic-growth","11":"tag-economic-recovery","12":"tag-external-debt","13":"tag-financial-inflows","14":"tag-fiscal-year-2024-25","15":"tag-foreign-exchange","16":"tag-imf-benchmarks","17":"tag-imf-target","18":"tag-jameel-ahmed","19":"tag-macroeconomic-stability","20":"tag-muhammad-sohail","21":"tag-multilateral-funding","22":"tag-pakistan-economy","23":"tag-remittances","24":"tag-reserve-buildup","25":"tag-sbp-reserves","26":"tag-state-bank-of-pakistan","27":"tag-topline-securities","28":"cat-15017-id"},"acf":[],"yoast_head":"\nSBP reports USD 14.51 bn in forex reserves - 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