SBP Chief Projects Forex Reserves to Climb to USD 17 Billion
The Governor of the State Bank of Pakistan has informed a National Assembly committee that the country's foreign exchange reserves are expected to rise to USD 17 billion, a projection that signals continued confidence in the trajectory of Pakistan's external account recovery following the severe balance of payments crisis of recent years. The SBP chief's briefing to lawmakers comes as Pakistan navigates a complex economic environment shaped by a stabilising IMF programme, improving current account figures, and resilient remittance inflows despite global uncertainties. A reserve level of USD 17 billion would represent a meaningful buffer above the minimum import cover threshold and would strengthen Pakistan's position in international financial markets, potentially supporting the government's efforts to return to commercial borrowing. The central bank has credited prudent monetary management, export growth, and sustained diaspora remittances as the primary drivers behind the improving reserve outlook. Pakistan's foreign exchange reserves have been on a gradual upward trajectory after dipping to critically low levels in 2023, and the SBP's latest projection reinforces the narrative of stabilisation. Lawmakers on the NA finance committee received the update as part of ongoing parliamentary oversight of monetary policy.
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