Editing Economy of Pakistan (section)

=== Foreign exchange reserves ===
Pakistan maintains foreign reserves with the [[State Bank of Pakistan]]. The currency of the reserves was solely the US dollar, incurring speculated losses after the dollar prices fell during 2005, forcing the then Governor SBP [[Ishrat Hussain]] to step down. In the same year, the SBP issued an official statement proclaiming diversification of reserves in currencies including Euro and Yen, withholding the ratio of diversification.

[[File:Skyline view in Karachi after lockdown.jpg|thumb|Karachi, the economic capital of Pakistan]]

Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million.<ref>{{cite web|url=http://www.forexpk.com/ |title=Forex Currency Rates Pakistan – Forex Open Market Rates – Prize Bond Draw Result – Rates and schedule – Finance News & Updates |publisher=Forexpk.com |date=6 January 2014 |access-date=11 January 2014}}</ref> The foreign exchange reserves had declined by more than $10 billion to a level of $6.59 billion. In June 2013, Pakistan was on the brink of default on its financial commitments. The country's forex reserves were at a historic low, covering only two weeks' worth of imports. In January 2020, Pakistan's foreign exchange reserves stood at US$11.503 billion.<ref>{{cite web|title=State Bank of Pakistan forex reserves rise to $11.5bln|url=https://www.thenews.com.pk/print/596060-state-bank-of-pakistan-forex-reserves-rise-to-11-5bln|website=thenews.com.pk|date=10 January 2020|access-date=6 November 2020}}</ref>

{| class="wikitable"
|+Amounts in billion US dollars<ref>{{cite web|title=Liquid Foreign Exchange Reserves|url=http://www.sbp.org.pk/ecodata/Forex_Arch.xlsx|access-date=15 May 2020|website=SBP}}</ref><ref>{{cite web |title=Liquid Foreign Exchange Reserves |url=https://www.sbp.org.pk/ecodata/Forex_Arch.xlsx |access-date=27 July 2023 |website=SBP}}</ref>
! List
! Jun 2008
! Jun 2009
! Jun 2010
! Jun 2011
! Jun 2012
! Jun 2013
! Jun 2014
! Jun 2015
! Jun 2016
! Jun 2017
! Jun 2018
! Jun 2019
! Jun 2020
! Jun 2021
! Jun 2022
!Jun 2023
!Jun 2024
|-
| style="text-align:left" |'''Total reserves'''
| style="text-align:center" |{{decrease}} 11.4
| style="text-align:center" |{{increase}} 12.4
| style="text-align:center" |{{increase}} 16.8
| style="text-align:center" |{{increase}} 18.2
| style="text-align:center" |{{decrease}} 15.3
| style="text-align:center" |{{decrease}} 11.0
| style="text-align:center" |{{increase}} 14.1
| style="text-align:center" |{{increase}} 18.7
| style="text-align:center" |{{increase}} 23.1
| style="text-align:center" |{{decrease}} 21.4
| style="text-align:center" |{{decrease}} 16.4
| style="text-align:center" |{{decrease}} 14.5
| style="text-align:center" |{{increase}} 18.9
| style="text-align:center" |{{increase}} 24.4
| style="text-align:center" |{{decrease}} 15.5
| style="text-align:center" |{{decrease}} 9.2
|{{increase}} 14.0
|-
| style="text-align:right" |SBP reserves
|8.6
|9.1
|13.0
|14.8
|10.8
|6.0
|9.1
|13.5
|18.1
|16.1
|9.8
|7.3
|12.1
|17.3
|9.9
|4.5
|9.4
|-
| style="text-align:right" |Banks reserves
|2.8
|3.3
|3.8
|3.5
|4.5
|5.0
|5.0
|5.2
|5.0
|5.3
|6.6
|7.2
|6.8
|7.1
|5.6
|4.7
|4.6
|}