Overview
- State Bank of Pakistan holdings rose by $13 million to $15.915 billion in the week ended December 26, according to official data.
- Total liquid reserves were reported slightly above $21 billion for the same date, with outlets citing either $21.012 billion or $21.122 billion.
- Commercial banks’ foreign currency balances were reported inconsistently, with figures of about $5.10 billion and $5.97 billion appearing in separate reports.
- Analysts at AKD Securities estimate current reserve levels cover roughly 3.2 months of imports.
- Recent gains have been supported by official inflows, including an IMF allocation of SDR 914 million (about $1.2 billion) under the EFF and RSF, building on the recovery from the 2023 crisis.