Pakistan’s total liquid foreign exchange reserves rose to $26.81 billion as of September 18, 2026, according to data released by the State Bank of Pakistan (SBP) on Thursday.
The country’s reserves comprised $21.40 billion held by the SBP and $5.41 billion maintained by commercial banks.
SBP reserves increased by $11 million during the week ended September 18, reaching $21.40 billion. The rise followed a sharp $3.06 billion increase in the preceding week, when reserves reached $21.39 billion, mainly due to the receipt of proceeds from Pakistan’s Eurobond.
The central bank’s reserves had also increased by $1.21 billion during the week ended September 4, reaching $18.33 billion, supported by proceeds from government commercial loans.
Earlier, SBP reserves recorded several modest weekly increases before rising sharply in September. The reserves had declined by $229 million in late July due to external debt repayments, following a $1.94 billion increase the previous week driven by government-related inflows.
In June, SBP reserves rose by $611 million to $16.53 billion, primarily due to inflows from multilateral institutions.
The central bank’s reserves had also recorded a significant $1.21 billion increase in the week ended May 15, reaching $17.08 billion. The rise was supported by funds received from the International Monetary Fund under its Extended Fund Facility and Resilience and Sustainability Facility, as well as proceeds from a Panda bond issuance.
Earlier, a $730 million weekly increase had been driven mainly by proceeds from Pakistan’s Eurobond issuance.
IMF Chief Praises Pakistan’s Economic Reforms Ahead of Programme Review
