Pakistan’s foreign exchange reserves have strengthened significantly as the State Bank continues its aggressive dollar-buying strategy to stabilize the economy.
According to sources, the central bank has purchased $6.9 billion from the market over the past year, pushing its foreign exchange reserves up to $16.37 billion. This sustained effort reflects a broader mission to build a stronger external buffer.
Notably, more than $1 billion was bought in December 2025 alone, following a purchase of $620 million in November. The highest accumulation occurred during September and October 2025, when over $2 billion was acquired from the market.
Further improvement in reserves is expected with the anticipated $1.2 billion tranche from the International Monetary Fund (IMF).
Meanwhile, commercial banks hold an additional $5.36 billion in reserves. As of March 19, the country’s total foreign exchange reserves stand at $21.73 billion, indicating a steady upward trend driven by proactive central bank policies.
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