Today, Pakistan’s total liquid foreign reserves stand at approximately $16.41 billion. The State Bank of Pakistan (SBP) reserves are around $11.71 billion, while commercial banks hold about $4.70 billion1. The SBP’s reserves have decreased by $143 million due to external debt repayments.
Exchange companies in Pakistan have also played a significant role in handling foreign exchange, with a total volume of approximately $7 billion in 2024. They provided $3.85 billion to the interbank market and $3.15 billion to the open market, supporting international travel, payment of overseas university fees, family assistance, and medical treatments abroad.
The foreign exchange reserves are crucial for Pakistan’s economy as they help stabilize the currency, support international trade, and ensure the country can meet its external obligations. The decrease in SBP’s reserves highlights the ongoing challenge of managing external debt repayments while maintaining sufficient reserves to support the economy.
Exchange companies have demonstrated resilience and efficiency in managing large-scale foreign exchange transactions, contributing to the stability and growth of Pakistan’s economy. Their ability to navigate fluctuating market conditions and meet the diverse demands of businesses and consumers has further cemented their pivotal role in Pakistan’s financial ecosystem.
As per reports these recent updates regarding Pakistan’s foreign exchange reserves are a vital component of the country’s economic stability. While the SBP’s reserves have decreased due to debt repayments, the overall foreign exchange reserves remain substantial. Exchange companies continue to play a significant role in supporting the economy by handling large volumes of foreign exchange and facilitating international transactions.
