KARACHI: Pakistan’s total liquid foreign exchange reserves fell by USD 228 million during the week ended July 24, 2026, mainly due to external debt repayments made by the State Bank of Pakistan (SBP).
According to the latest data released by the SBP on Thursday, the country’s total liquid foreign exchange reserves stood at USD 22.442 billion end of the last week, compared with USD 22.669 billion a week earlier.
The SBP’s foreign exchange reserves declined by USD 229 million to USD 17.03 billion as of July 24, 2026, down from USD 17.259 billion recorded on July 17, 2026. The SBP attributed the decline to external debt repayments made during the week.
Meanwhile, the foreign exchange reserves held by commercial banks remained largely stable. Net reserves held by banks increased marginally to USD 5.412 billion at the end of the week, compared with USD 5.411 billion in the previous week.
Despite the weekly decline, Pakistan’s overall foreign exchange reserves remain above the USD 22 billion mark, providing support to the country’s external position amid ongoing debt servicing obligations.
Governor SBP Jameel Ahmed is confident that reserves held by the SBP will rose to USD 20.20 billion mark by end of December 2026 supported by sufficient foreign inflows.
Copyright Business Recorder, 2026
Comments