SBP reserves fall by $153mn in July

The foreign exchange reserves held by the State Bank of Pakistan (SBP) declined by $153 million during the week ended on July 25, marking the second consecutive weekly drop. According to figures released by the SBP on Thursday, the central bank’s reserves fell to $14.303bn, down from $15.525bn on July 14 — representing a total decline of $1.222bn over the two-week period. Overall, the country’s total liquid foreign exchange reserves stood at $19.607bn, including $5.3bn in net foreign reserves held by commercial banks. SBP Governor Jameel Ahmad said on Wednesday that the reserves are projected to rise to $15.5bn by December 2025 and further to $17.5bn by the end of June 2026.