# Pakistan's FX reserves

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

```bash
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:

```bash
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](https://pakdatahub.com/blog/pakistan-remittances-by-country), the current account (`bop.current_account_balance_3`) and the rupee (`fx.rate.avg.usd`). See the [external-sector dataset guide](https://pakdatahub.com/docs/data-external.md).

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Published 2026-09-25 - https://pakdatahub.com/blog/pakistan-fx-reserves-history