Pakistan’s Forex Reserves Reach Highest Level Since April 2022

The State Bank of Pakistan (SBP) reported a weekly increase of $167 million in its foreign exchange reserves, according to the latest data released on Thursday.

As of June 6, the country’s total liquid foreign exchange reserves, including those held by commercial banks, stood at $16.875 billion — an increase of $277 million from the previous week. This marks the highest level of reserves since April 16, 2022, when they reached $17.04 billion.

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The SBP’s own foreign reserves rose to $11.676 billion, up from $11.509 billion recorded on May 30. Meanwhile, net reserves held by commercial banks climbed by $111 million to $5.199 billion.

The uptick in reserves reflects improved inflows and signals a positive trend in Pakistan’s external financial position.