Pakistan’s Liquid Foreign Reserves Reach $26.83 Billion as SBP Holdings Increase

Pakistan's total liquid foreign exchange reserves have risen to $26.833 billion as of October 16, 2026, according to the State Bank of Pakistan (SBP). The central bank's holdings specifically increased by $19 million to $21.489 billion during the week, while commercial banks held $5.344 billion in net foreign exchange reserves. This increase reflects recent fluctuations influenced by external financing inflows and debt repayments. The SBP's reserves have previously been boosted by commercial loans, multilateral financial institutions, international bond issuances like Pakistan’s Eurobond, and inflows from the IMF’s Extended Fund Facility (EFF), Resilience and Sustainability Facility (RSF), and a Panda bond. However, external debt repayments have also periodically drawn down these holdings, highlighting the continuous impact of financing obligations on Pakistan's foreign exchange position.