The State Bank of Pakistan has released its weekly foreign exchange reserves data for the period ending December 26, 2025, showing a decline in Pakistan’s overall reserves.
According to the central bank, Pakistan’s total liquid foreign exchange reserves fell by $104 million to $21.01 billion during the reporting week. The data reflects mixed movements across the banking sector.
Reserves held by the State Bank increased by $126 million to $15.91 billion, providing some support to the country’s external buffers. In contrast, foreign exchange holdings of commercial banks declined by $230 million to $5.09 billion.
Total liquid foreign #reserves held by the country stood at US$21.01 billion as of December 26, 2025.
For details: https://t.co/WpSgomnKT3
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— SBP (@StateBank_Pak) January 1, 2026Analysts closely monitor weekly reserve data as an indicator of external financing conditions, debt repayments, and import coverage. While the rise in SBP-held reserves offers short-term stability, the overall decline highlights continued pressure on Pakistan’s foreign exchange position.
Economists say sustained improvement in reserves will depend on consistent inflows, export growth, and careful management of external obligations in the coming months.
