Foreign exchange reserves rise by $1.774 billion: SBP

State Bank of Pakistan (SBP) has released its weekly report on foreign exchange reserves, revealing that the country's total reserves have reached $20.03 billion. 

According to the central bank, official inflows led to a massive increase in the SBP's reserves. During the past week, official foreign exchange reserves rose by $1.774 billion, reaching $14.502 billion as of July 4. 

Commercial banks also reported an increase of $163.2 million, bringing their total reserves to $5.526 billion. Combined, Pakistan's total foreign exchange reserves now stand at $20.028 billion. The report also highlighted a record surge in remittances.

According to the State Bank, overseas Pakistanis sent $38.3 billion over the past year. In the 2024–25 fiscal year, remittance inflows grew by 27pc. 

Compared to the previous fiscal year, overseas Pakistanis remitted $8 billion more, marking a substantial year-on-year increase.

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In June 2025, Pakistani workers sent $3.4 billion back home, reflecting an 8% rise compared to June 2024.

Economists noted that the increase in remittances has helped push Pakistan’s current account into surplus.

Saudi Arabia remained the largest source of remittances in June, with Pakistani expatriates sending $823.2 million. The UAE followed with $720 million, while £540 million came from the UK and $280 million from the United States.