Pakistan’s forex reserves edge up $11 million to $19.50 billion

A Pakistani currency dealer counts US dollars at a currency exchange shop in Karachi, Pakistan, on August 1, 2018. (AFP/File)
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Updated 16 August 2025
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Pakistan’s forex reserves edge up $11 million to $19.50 billion

  • Reserves include $14.24 billion with central bank and $5.25 billion with commercial banks
  • Pakistan’s reserves fell to critically low levels in mid-2023, triggering fears of a sovereign default

KARACHI: Pakistan’s foreign exchange holdings rose by $11 million this week, taking the State Bank of Pakistan’s (SBP) reserves to $14.24 billion and lifting the country’s total liquid reserves to $19.50 billion as of Aug. 8, the central bank said on Friday.

The increase comes just over two years after Pakistan’s reserves fell to critically low levels in mid-2023, dropping below $4 billion, barely enough to cover a few weeks of imports, and triggering fears of a sovereign default.

Since then, Islamabad has secured two International Monetary Fund (IMF) loan packages, implemented structural reforms recommended by the lender and pursued active economic diplomacy to attract foreign investment.

The government has also sought to move toward export-led growth and worked to increase workers’ remittances through formal banking channels.

“The total liquid foreign reserves held by the country stood at $ 19,496.7 million as of 08-Aug-2025,” the central bank said in an official statement.

The statement informed the SBP-held reserves stood at $14,243.2 million, while net foreign reserves held by commercial banks amounted to $5,253.5 million.

“During the week ended on 08-Aug-2025, SBP reserves increased by $ 11 million to $ 14,243.2 million,” the statement added.

It did not specify the reason for the rise, though officials have previously said the improvement reflects stronger reserve quality driven by earnings and inflows, rather than fresh borrowing.


Pakistan orders screening of travelers at entry points amid Nipah virus threat

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Pakistan orders screening of travelers at entry points amid Nipah virus threat

  • Outbreak of Nipah virus in India has forced Asian countries such as Indonesia and Thailand to screen passengers
  • Pakistan says screening applicable at all entry points including airports, seaports and ground or land border crossings

ISLAMABAD: The Border Health Services-Pakistan (BHS-P) on Wednesday issued an advisory ordering the screening of all passengers at the country’s entry points to curb the cross-border spread of Nipah virus. 

An outbreak of the Nipah virus in India’s West Bengal state has sparked concern in Asian countries such as Thailand and Indonesia, who have started screening passengers. Two cases have been confirmed in India’s West Bengal since December, reportedly in health care workers. 

Nipah, a zoonotic virus first identified during a 1990s outbreak in Malaysia, spreads through fruit bats, pigs and human-to-human contact. There is no vaccine for the virus, which can cause raging fevers, convulsions and vomiting. The only treatment is supportive care to control complications and keep patients comfortable.

The BHS-P, a department of the Ministry of National Health Services, issued an advisory on Wednesday saying that the outbreak of the virus in India had made it imperative to strengthen preventive and surveillance measures at borders. 

“All In-Charges at Points of Entry shall ensure 100 percent screening of all arriving passengers, transit passengers, crew members, drivers, helpers, and support staff,” a copy of the advisory seen by Arab News read. 

“No individual shall be allowed entry into Pakistan without health clearance by Border Health Services – Pakistan.”

It said these measures will be applicable at all points of entry, including international airports, seaports and ground or land border crossings.

The BHS-P said mandatory verification of every traveler’s country of origin and complete travel and transit history for the preceding 21 days will be carried out, irrespective of their nationality or travel status. 

“Screening staff shall remain alert for early signs and symptoms of Nipah virus infection, including fever, headache, respiratory symptoms, and neurological signs such as confusion, drowsiness, or altered consciousness,” the advisory said.

It added that individuals “consistent with suspected Nipah Virus case definition” will be immediately isolated at the entry point, restricted from onward movement and managed strictly in accordance with the Infection Prevention and Control (IPC) protocols.

“Such suspected cases shall be promptly referred to the designated isolation facility or tertiary care hospital in coordination with provincial and district health authorities,” it said.