SBP-held forex reserves jump above $17bn on IMF inflows, Panda Bonds
- Total liquid foreign exchange reserves stand at $22.588 billion
Pakistan's central bank foreign exchange reserves increased by $1.214 billion to $17.081 billion, driven by IMF funds and Panda Bond proceeds, as of May 15, 2026.
- Sources of the foreign exchange reserve increase.
- Pakistan's total liquid foreign reserves.
- Impact of external debt repayments.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $1.214 billion on a weekly basis, reaching $17.081 billion as of May 15, 2026, according to data released by the central bank on Thursday.
The country’s total liquid foreign reserves stood at $22.588 billion during the week under review.
Of these, net foreign reserves held by commercial banks amounted to $5.507 billion.
Read More: SBP-held foreign exchange reserves rise to $15.87bn
The SBP said the rise in reserves was mainly driven by inflows received from the International Monetary Fund under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF), along with proceeds from the issuance of Panda Bonds.
“During the week ended on 15-May-2026, SBP’s FX reserves increased by US$ 1,214 million to US$ 17,081.0 million. The increase in SBP’s FX reserves is mainly due to receipt of funds from IMF under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF); and proceeds from issuance of Panda Bonds. There were some external debt repayments as well,” the central bank said.
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