The foreign exchange reserves held by the State Bank of Pakistan fell by $1.305 billion during the week ended June 19, 2026. The central bank attributed this decline mainly to external debt repayments.
Details of the Reserve Position
The SBP’s foreign exchange reserves stood at $15.916 billion as of June 19. This was a decrease from $17.221 billion a week earlier.
The total liquid foreign reserves of the country were $21.484 billion on the same date. Commercial banks held $5.568 billion in net foreign reserves.
Inflows and Future Projections
The central bank highlighted that inflows would soon increase the reserves. These include a $0.7 billion inflow from multilateral institutions to the government.
Refinancing of government commercial loans is expected to add about $1.7 billion. The total $2.4 billion will be reflected in SBP reserves as on June 30.
The SBP has projected its foreign exchange reserves to reach approximately $18 billion by the end of FY26. This outlook is based on the expected inflows and reserve management.
Weekly fluctuations in reserves often occur due to debt servicing and other flows. The recent drop is linked directly to external debt repayments made during the period.
The central bank monitors these movements closely as part of its mandate. Healthy reserve levels are vital for meeting the country’s external financing needs.
The latest data offers a clear snapshot of the current forex position. Inflows lined up for the end of the month are set to improve the holdings. This should help bring the reserves closer to the projected level.
The SBP continues its efforts to maintain stability in the external sector. Such updates are important for market participants and policymakers alike.
The reserve position serves as an important barometer for economic resilience. Authorities focus on sustaining adequate levels through prudent management. Regular reporting enhances transparency in the financial system.