SBP-held foreign exchange reserves drop by $1.32bn to $15.08bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) plunged by $1.32 billion to $15.08 billion during the week ended on April 10, 2026, the central bank said on Thursday.

The decline comes after the central bank repaid $1.426.1 billion against Pakistan Sovereign Eurobond.

“During the week ended on 10-Apr-2026, SBP’s FX reserves decreased by US$ 1,321 million to US$ 15,079.5 million. During the week, SBP repaid US$ 1,426.1 million against Pakistan Sovereign Eurobond,” it said.

Pakistan repaid a $1.3 billion Eurobond maturing on April 8, 2026, in full and on schedule, as part of its routine external debt management, said Advisor to Finance Minister Khurram Schehzad. The country also met $126.125 million in coupon obligations on other Eurobond issuances, he wrote in a post on X then.

During the week ended on April 10, the country’s total reserves stood at $20.52 billion, including $5.44 billion held by commercial banks.

Meanwhile, Pakistan faces a $3.5 billion repayment to the United Arab Emirates (UAE) this month that has put a strain on its foreign exchange reserves.

Saudi Arabia would provide $3 billion in additional support for Pakistan to help the South Asian nation bridge a multibillion-dollar gap in its finances linked to an upcoming debt repayment to the UAE.

The extra funding for Pakistan comes on top of Riyadh extending the rollover arrangement for an additional $5 billion deposit for a longer period, Pakistan Finance Minister Muhammad Aurangzeb told reporters in Washington.

Pakistan has already received $2 billion from Saudi Arabia, the SBP confirmed on Thursday. This inflow is expected to reflect in the central bank’s reserves in the coming weeks.