Pakistan’s short-term FX liabilities reach nears $30bn

May 02, 2025 (MLN): Due to maturing foreign currency loans, securities, and deposits, Pakistan's foreign currency assets are expected to see a net outflow of $29.7 billion, according to the latest liquidity report from the State Bank of Pakistan (SBP). 

The breakdown further reveals $26.2bn in principal repayments, with an additional $3.49bn allocated for interest payments across short-term maturity periods.

The maturity breakdown revealed that $906.2 million is due within one month, $9.74bn will mature within one to three months, and the remaining $19.04bn is set for repayment in the next 3-12 months.

Furthermore, Pakistan holds short positions worth $2.82bn in forwards and futures contracts, which have intensified the external repayment pressures.

However, the country also has long positions of $213m, though this amount is relatively insignificant compared to the overall liabilities.

As of the reporting date, official reserves totaled $18.3bn, comprising $7.67bn in foreign currency reserves and $6.48bn in gold holdings.