SBP reserves post weekly increase, reach $21.45 billion

Pakistan's total liquid foreign exchange reserves increased to $26.797 billion as of 2 October 2026, according to data released by the State Bank of Pakistan on Thursday. The central bank's own reserves rose by $15 million during the week to $21.454 billion, while the foreign exchange holdings of commercial banks increased to $5.344 billion.

The latest weekly increase follows a $39 million rise in SBP reserves in the previous week, when they reached $21.439 billion. This came after an $11 million increase in the preceding week.

Among the larger changes reported by the central bank, SBP reserves rose by $3.06 billion in a single week, a jump attributed largely to proceeds from Pakistan's Eurobond. Reserves also rose by $1.21 billion in the week ending September 4 following government commercial loan inflows, while a $229 million decline was recorded in late July due to external debt repayments. A separate $730 million weekly increase followed proceeds from Pakistan's Eurobond issuance.

Further back, SBP reserves increased by $611 million in June to $16.53 billion, supported mainly by inflows from multilateral institutions, and by $1.21 billion in the week ending May 15 to reach $17.08 billion after inflows under the International Monetary Fund's Extended Fund Facility and Resilience and Sustainability Facility, together with proceeds from a Panda bond.

SBP reserves have fluctuated significantly in recent months amid external inflows and debt repayments.