Pakistan’s foreign exchange reserves recorded a modest increase over the past week, according to the State Bank of Pakistan, reflecting gradual stability in the country’s external financial position.
Read More: Pakistan’s liquid foreign reserves rise to $20.63 billion
Official data showed that the central bank’s reserves rose by $1.8 million during the week, bringing total holdings to $15.0976 billion. The increase comes despite recent external repayments, including deposits returned to the United Arab Emirates.
The central bank noted that after accounting for repayments, reserves still showed an improvement of approximately $104 million as of April 17. Overall, Pakistan’s total liquid foreign exchange reserves, including those held by commercial banks, stood at around $20.6285 billion by the end of the week.
Total liquid foreign #reserves held by the country stood at US$20.63 billion as of April 17, 2026.
For details: https://t.co/WpSgomnKT3
#SBPReserves pic.twitter.com/cP0K3DwAcN— SBP (@StateBank_Pak) April 23, 2026
Commercial banks currently hold $5.5309 billion, contributing significantly to the country’s total reserve position. Analysts say maintaining a stable level of reserves is crucial for supporting the national currency, managing imports, and ensuring financial confidence.
Recent financial inflows and outflows have also influenced reserve levels. During the week, Saudi Arabia deposited $1 billion, while Pakistan repaid $1 billion to the UAE. These transactions are expected to be reflected in the following week’s data.
The central bank further highlighted that foreign exchange reserves have increased by $1.36 billion so far in the current fiscal year. A current account surplus has also contributed to the improvement, helping reduce pressure on external financing needs.
Looking ahead, authorities expect additional support from remittances, particularly around Eid, which typically see an uptick in inflows from overseas Pakistanis. However, some outflows are also anticipated as pilgrims travelling for Hajj carry foreign currency for expenses.
Read More: Pakistan repays $3.45bn deposit to UAE
Economists believe that while the recent increase is relatively small, consistent inflows and prudent management will be key to strengthening Pakistan’s external financial stability in the coming months.