Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $1.94 billion during the week ending July 3, 2026, driven by the receipt of Government of Pakistan (GoP) inflows.
According to figures released by the central bank, the country’s total liquid foreign exchange reserves reached $23.99 billion as of July 3.
The SBP’s reserves stood at $18.47 billion, while commercial banks held $5.52 billion in foreign exchange reserves.
The central bank stated that the latest increase was primarily the result of government-related external inflows.
“During the week ended July 3, 2026, SBP’s foreign exchange reserves increased by $1.944 billion to $18.471 billion. The rise in reserves reflects the realisation of Government of Pakistan inflows,” the SBP said in its weekly statement.
In the preceding week, the SBP’s reserves had also recorded an increase of $611 million, supported by inflows received from multilateral financial institutions.
Speaking at the closing session of the two-day Pakistan Banking Summit 2026 on Wednesday, SBP Governor Jameel Ahmad said the central bank expects its foreign exchange reserves to reach a record $20.2 billion by the end of December 2026. He noted that reserves had expanded sixfold, rising from below $3 billion in February 2023 to $18.4 billion by the close of fiscal year 2025-26.
