Pakistan’s central bank reserves recorded a modest increase during the past week, a surprising development given the simultaneous repayment of a massive $500 million Sovereign Euro Bond, indicating resilience in the country’s external financial position despite significant debt servicing.
The State Bank of Pakistan (SBP) reported on Thursday that the nation’s total liquid foreign currency assets were recorded at US$ 19,810.4 million as of the week ending on October 3, 2025.
A detailed breakdown of the country”s forex position shows that of this total, the foreign reserves held directly by the SBP amounted to US$ 14,420.1 million. The net foreign holdings with commercial banks constituted the remaining US$ 5,390.3 million.
During the week in review, the SBP’s own foreign exchange holdings saw an uptick of US$ 20 million to reach the current level of US$ 14,420.1 million.
This growth in the central bank”s assets occurred while the institution also executed substantial external debt settlements, including the prominent settlement of the Pakistan Sovereign Euro Bond valued at half a billion US dollars.