Pakistan’s Foreign Reserves Edge Higher as SBP Holdings Cross $14 Billion
Pakistan’s foreign exchange reserves rose modestly, with SBP holdings increasing by $13 million to over $14.26 billion in the week ending August 15, 2025. Total reserves reached $19.57 billion, supported by higher commercial bank holdings and steady fiscal inflows.
Why the State Bank Must Resist Pressure to Tinker with Currency and Rates
The State Bank of Pakistan faces pressure to cut rates and appreciate the rupee, but experts warn these conflicting goals could trigger another economic crisis. Analysts say the SBP must maintain independence, keep real rates high, and avoid policy missteps that risk undermining stability.
Pakistan’s Foreign Reserves Triple Without New Debt as SBP Charts Stability Path
Pakistan’s foreign exchange reserves have tripled to $14.5 billion without new debt, inflation has dropped to record lows, and the current account shows a surplus after 14 years, according to SBP Governor Jameel Ahmad, who also announced new digital finance initiatives to strengthen long-term stability.
PKR Faces Renewed Pressure as SBP Balances Market Sentiment and Currency Stability
The Pakistani Rupee continues to face depreciation pressures amid rising import costs and mixed market sentiment, while the State Bank of Pakistan cautiously manages the balance between intervention and free market forces.