ISLAMABAD: Pakistan foreign reserves have crossed a significant milestone, reaching $20.287 billion, according to the latest weekly report released by the State Bank of Pakistan (SBP).
This growth is attributed to a substantial increase in government-held reserves. The SBP reported that government foreign exchange reserves rose by $1.7744 billion in the past week alone, reaching $14.5022 billion as of July 4th. Reserves held by commercial banks also saw an increase of $163.2 million, bringing their total to $5.5265 billion.
The positive trend aligns with record-breaking remittance inflows. Overseas Pakistanis sent home a remarkable $38.3 billion during the fiscal year 2024-25, marking a significant 27% increase compared to the previous year. This represents an additional $8 billion flowing into the country.
Remittances remained strong in June 2025, with workers sending $3.4 billion, an 8% increase over June 2024. Leading sources were Saudi Arabia ($823.2 million), the UAE ($720 million), the UK ($540 million), and the US ($280 million).
Economic experts link this surge in remittances directly to Pakistan achieving a current account surplus.
Also read:Pakistan’s foreign reserves grow by $71 million, total reaches $15.6 billion
