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May 21, 2026

SBP reserves surge $1.21bn to $17.08bn on IMF and Panda Bond inflows

Total liquid reserves rise to $22.59bn as external inflows offset debt repayments during the week ending May 15, 2026

Monitoring Report

Monitoring Report

May 21, 2026

SBP reserves surge $1.21bn to $17.08bn on IMF and Panda Bond inflows

Foreign exchange reserves held by the State Bank of Pakistan rose by $1.214 billion on a weekly basis, reaching $17.081 billion as of May 15, 2026, according to data released on Thursday.

The central bank attributed the increase mainly to inflows under the International Monetary Fund’s Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF), along with proceeds from Panda Bonds. Some external debt repayments were also recorded during the same period.

With the latest increase, the country’s total liquid foreign exchange reserves stood at $22.588 billion for the week under review.

Of the total, net reserves held by commercial banks amounted to $5.507 billion, the SBP data showed.

The weekly rise reflects continued support from multilateral inflows and external financing channels, even as Pakistan continues to meet external debt servicing obligations alongside reserve accumulation.

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