Nations maintain foreign exchange (or forex) reserves to regulate their currency's worth, facilitate cross-border trade, and uphold financial stability. In Pakistan's case, the country's foreign exchange reserves serve as a crucial asset in managing its currency value, facilitating international trade transactions, and ensuring overall economic stability.

Pakistan holds approximately $16,133 million in foreign exchange reserves, as of November 2024, but its outstanding debt continues to increase. While discussions regarding a new government in Pakistan have eased immediate concerns about instability, there is still a significant risk of an economic crisis. Go through this guide, to get a clear idea about the Pakistan forex reserves in 2025. 

What is the Forex Reserve of Pakistan?

Pakistan's foreign exchange reserves encompass all liquid forex reserves, including those held by banks and the State Bank of Pakistan. The State Bank of Pakistan publishes monthly reports on its foreign exchange reserves in USD. These reserves consist of Special Drawing Rights (SDRs), and a portion is held by scheduled banks. Pakistan’s reserves are subject to fluctuation due to various economic factors and international trade dynamics.

Current Forex Reserve of Pakistan

As of 20th December 2024, Pakistan’s current forex reserve stands at $16,371 million. The following table represents the different components of the Pakistan forex reserves as of November 2024:

Pakistan Forex Reserves Chart & Ranking

Pakistan ranks 81 in foreign exchange reserve holdings among other countries globally. The following table shows Pakistan's forex reserves in 2024 since the past and other crucial data:

Pakistan Forex Reserves Vs India

Currently, according to the latest forex market trends, one Indian rupee (INR) equals 3.28 Pakistani rupees (PKR). Pakistan's decreasing foreign exchange reserves, coupled with declining exports and remittances from overseas Pakistanis, are negatively impacting its foreign reserves and, consequently, the value of its currency. 

Many experts believe that ongoing political instability in Pakistan over the past several years has also contributed to the depreciation of the Pakistani rupee.

Pakistan's foreign exchange reserves are diminishing, impacted by decreasing exports and a decline in remittances from overseas Pakistanis, thereby affecting its currency's value. Experts attribute the depreciation of the Pakistani rupee to prolonged political instability in recent years.