PAKDATAHUB

Pakistan's FX reserves - from the 2023 low to $18.5bn, and back to 1948

SBP foreign-exchange reserves fell to US$3.2bn in January 2023 and recovered to US$18.5bn by June 2026. Monthly SBP reserves since 1948, and the components, via the PakDataHub API.

PakDataHub · 25 Sept 2026 · 1 min read

The State Bank's foreign-exchange reserves are the most-watched number in Pakistan's economy. PakDataHub carries them monthly since June 1948, straight from SBP.

The recent story

SBP reserves (reserves.total_sbp_reserves, US$ million, month-end):

Month SBP reserves
Aug 2021 20,308 (record high)
Jun 2022 10,064
Dec 2022 5,702
Jan 2023 3,204 (the crisis low)
Dec 2023 8,331
Dec 2024 11,860
Dec 2025 16,187
Jun 2026 18,500

Commercial banks held another US$2.5bn (reserves.total_banks_reserves) in June 2026. For the long view, the series starts at US$150 million in June 1948.

Get it

curl -H "X-API-Key: pk_live_xxx" \
  "https://api.pakdatahub.com/v1/series/reserves.total_sbp_reserves?from=2021-01-01&sort=asc"

Month-on-month change, computed server-side:

curl -H "X-API-Key: pk_live_xxx" \
  "https://api.pakdatahub.com/v1/series/reserves.total_sbp_reserves?transform=mom&limit=12"

Components

Id What
reserves.total_sbp_reserves SBP reserves
reserves.total_banks_reserves Banks' reserves
reserves.gold_reserves Gold (1948 →)
reserves.special_drawing_rights_holdings SDRs
reserves.imf_reserve_position IMF reserve position

For a weekly read between month-ends, the SBP's liquid-reserves snapshot is under reserves.liquid.sbp, reserves.liquid.banks and reserves.liquid.total (weekly, from October 2026).

The flows behind the numbers: remittances, the current account (bop.current_account_balance_3) and the rupee (fx.rate.avg.usd). See the external-sector dataset guide.

Get the data behind this post

Every number here is one API call away — official SBP, PBS, PTA and MUFAP data, free to start.

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