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January 01, 2026 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $12.6 million or 0.08% WoW to $15.92 billion during the week ended on December 26, 2025, data released by State Bank of Pakistan showed on Thursday.

On the other hand, the country’s total reserves decreased by $10.4m or 0.05% WoW to $21.01bn.

The reserves held by commercial banks fell by $23m or 0.45% WoW to $5.1bn.

In the current fiscal year, SBP-held reserves have increased by $6.85bn or 75.58%.

Meanwhile, the current calendar year has seen an increase of $4.2bn or 35.9%.

Amount in USD Million

The State Bank of Pakistan also released monthly data showing its foreign exchange reserves increased in November 2025, with SBP-held reserves rising by $85.9m to $14,588.8m, compared to $14,502.9m in October 2025.

On a year-on-year basis, SBP’s reserves rose by $2,551m, or 21.19%, from $12,037.9m in November 2024.

Net foreign reserves held by commercial banks stood at $4,548.3m, down from $4,671.1m a month earlier, showing a decline of $122.8m.

Compared to $4,090.6m in November last year, commercial banks’ reserves increased by $457.7m, or 11.19%.

Total liquid foreign exchange reserves held by the country at the end of November 2025 stood at $19,137.1m, compared to $19,174m in the previous month, reflecting a net decrease of $36.9m.

On a yearly basis, Pakistan’s total reserves increased by $3,008.6m, or 18.66%, from $16,128.5m in November 2024.

Looking at the fiscal year trend, reserves have shown significant recovery from $15,598.7m in January 2025, marking an improvement of $3,538.4m, or 22.71%, over the ten-month period ending November 2025.

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