Pakistan currently has US$16.04 billion in foreign exchange reserves.

According to a statement from the central bank, Pakistan’s reserves held by the SBP grew by US$46 million to US$11.41 billion during that time.

Pakistan’s commercial banks held US$4.62 billion in net foreign reserves as of the week ending January 31.

“SBP reserves increased by US$ 46 million to US$ 11,418.3 million during the week ending January 31, 2025,” the central bank continued.

During the week ending January 24, Pakistan’s total foreign exchange reserves were valued at US$16.05 billion.

The SBP declared earlier on Monday that the freshly created currency notes will go into circulation in 2025.

SBP Governor Jameel Ahmed stated in a news conference that new currency notes in all current denominations will be put out following the announcement of the new policy rate.

After the technical review is over, he said, the new currency notes would be handed to the federal cabinet for approval.

The denomination that will be released first was not disclosed by the SBP Governor.

A statement from SBP claims that in order to maintain the integrity of banknotes and bring them into line with the most recent advancements in technology regarding their design and security features, central banks have a long-standing practice of introducing new banknote series every fifteen to twenty years.