SBP reserves fall $1.3bn to $15.92bn

June 29, 2026 (MLN): SBP reserves fall $1.3bn on external debt repayments; subsequent inflows to show in June-end position.

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $1.3bn or 7.58% week-on-week (WoW) to $15.92bn during the week ended June 19, 2026, according to data released by the central bank.

The SBP said the decline in its foreign exchange reserves was primarily due to external debt repayments.

The central bank further stated that, in subsequent days, it received a Government of Pakistan inflow of $0.7bn from a multilateral institution and around $1.7bn as refinancing of a Government of Pakistan commercial loan.

These inflows will be reflected in the SBP's foreign exchange reserves position as of June 30, 2026.

Similarly, the country's total liquid foreign exchange reserves decreased by $1.26bn or 5.53% WoW to $21.48bn.

The reserves held by commercial banks increased by $47.6m or 0.86% WoW to $5.57bn.

During the current fiscal year, SBP-held reserves have increased by $1.41bn or 9.75%.

However, on a calendar-year basis, the central bank's reserves have declined by $139.3m or 0.97%.

Meanwhile, the SBP also released its monthly foreign exchange reserves data, showing that the central bank's reserves rose by $1.3386bn to $17.1893bn at the end of May 2026, compared to $15.8507bn a month earlier.

On a year-on-year basis, SBP's reserves increased by $5.6724bn, or 49.25%, from $11.5169bn recorded in May 2025.

Net foreign exchange reserves held by commercial banks declined by $32.4m to $4.9205bn in May 2026, compared to $4.9529bn in the previous month.

However, bank-held reserves remained $360.9m higher than the $4.5596bn recorded a year earlier.

As a result, Pakistan's total liquid foreign exchange reserves reached $22.1098bn at the end of May 2026, up by $1.3062bn from $20.80bn in the previous month.

Compared with May 2025, the country's total reserves increased by $6.0333bn, representing a 37.53% year-on-year rise.

Amount in USD Million

Copyright Mettis Link News