The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by over $70 million on a weekly basis, according to data released by the central bank on Thursday.

As of May 9, the SBP’s foreign currency reserves stood at $10.403 billion, up $71 million from $10.333 billion recorded on May 2. The country’s total liquid foreign exchange reserves, which include net reserves held by banks other than the SBP, reached $15.614 billion—an increase of $131 million over the previous week.

Net reserves held by commercial banks were reported at $5.211 billion, reflecting a weekly rise of $61 million.

Earlier this week, the SBP received a second tranche of $1.023 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) program. However, this amount will be reflected in the SBP’s reserves for the week ending May 16, 2025.

With the IMF inflow set to be included in next week’s data, Pakistan’s foreign exchange reserves are expected to comfortably surpass the $11 billion mark, further strengthening the country’s external financial position.