SBP Foreign Exchange Reserves Rise to $16.53 Billion on Multilateral Inflows
Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a strong weekly increase, supported by government inflows from multilateral institutions.
According to data released by the State Bank of Pakistan on Thursday, the central bank’s foreign exchange reserves rose by $610.8 million, or 3.84% week-on-week (WoW), reaching $16.53 billion during the week ended June 24, 2026.
The increase reflects improved external financing and provides additional support to Pakistan’s foreign currency holdings.
Multilateral Inflows Boost Reserves
The SBP said the increase in reserves was mainly driven by inflows received by the Government of Pakistan from multilateral financial institutions.
These inflows strengthened the central bank’s reserve position and contributed to the overall rise in the country’s liquid foreign exchange reserves.
The improvement comes as Pakistan continues to secure external financing to strengthen its economy and support balance-of-payments requirements.
Total Foreign Exchange Reserves Cross $22 Billion
Pakistan’s total liquid foreign exchange reserves also posted a notable weekly increase.
Total reserves climbed by $559.9 million, or 2.61%, to $22.04 billion, compared with $21.48 billion in the previous week.
The latest figures indicate an overall improvement in the country’s external liquidity position.
Commercial Banks’ Reserves Decline
While the central bank’s reserves increased, foreign exchange reserves held by commercial banks recorded a slight decline.
Net foreign reserves held by banks fell by $50.9 million, or 0.91% week-on-week, decreasing from $5.57 billion to $5.52 billion.
Despite the decline in commercial bank holdings, the overall increase in SBP reserves was sufficient to lift Pakistan’s total foreign exchange reserves.
SBP Reserves Show Growth in 2026
The latest data also showed that the SBP’s reserves have continued to strengthen since the beginning of the current calendar year.
Since January 2026, the central bank’s foreign exchange reserves have increased by $471 million, representing a 2.83% rise.
The steady improvement reflects continued external financing support and efforts to maintain adequate foreign exchange buffers.
Weekly Foreign Exchange Reserve Position
For the week ended June 24, 2026, Pakistan’s foreign exchange reserves stood as follows:
| Holder | June 24, 2026 | June 19, 2026 | Change | % Change |
|---|---|---|---|---|
| State Bank of Pakistan | $16.53bn | $15.92bn | +$610.8m | +3.84% |
| Commercial Banks | $5.52bn | $5.57bn | -$50.9m | -0.91% |
| Total Liquid Foreign Reserves | $22.04bn | $21.48bn | +$559.9m | +2.61% |
The latest increase in reserves provides additional support to Pakistan’s external financial position. However, economists will continue to monitor reserve levels, external financing inflows, import payments, and debt obligations to assess the sustainability of the country’s foreign exchange position in the months ahead.