KARACHI: The State Bank of Pakistan (SBP) successfully met its foreign exchange reserves target for FY26, with its holdings surpassing USD18 billion by the end of June 2026.
In the last week of June, SBP’s reserves rose significantly around USD 2 billion.
The milestone reflects improved external account stability, supported by higher remittance inflows, maturity of timely external financing and better debt management.
READ MORE: SBP-held forex reserves rise by $611mn to $16.5bn on multilateral inflows
According to the SBP’s weekly report released on Thursday, the SBP’s foreign exchange reserves rose by USD 1.944 billion to USD 18.471 billion during the week ended July 3, 2026, up from USD 16.527 billion a week earlier.
The increase in SBP’s FX reserves is due to realization of Government of Pakistan inflows.
The surge in the SBP’s reserves is despite making a USD 9 billion external debt repayments during the last quarter of FY26. The governor SBP Jameel Ahmed is confident that SBP’s reserves will continue to move upward side and likely to touch USD 20 billion by December 2026.
During period, net foreign reserves held by commercial banks were remained stable at USD 5.518 billion. The total liquid foreign reserves held by the country also rose to USD 23.989 billion as of July 3, 2026 up from USD 22.045 billion a week earlier.
Copyright Business Recorder, 2026
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