Pakistan’s foreign exchange reserves rise to $23.99 billion

Pakistan's foreign exchange reserves continued their upward trajectory during the week ended July 3, 2026, with the State Bank of Pakistan (SBP) reporting a $1.94 billion increase in its holdings following the receipt of government inflows.

According to figures released by the central bank on Thursday, SBP-held reserves climbed to $18.47 billion, while the country's total liquid foreign exchange reserves reached $23.99 billion. Commercial banks accounted for the remaining $5.52 billion.

The SBP said the latest increase was driven by the realisation of inflows received by the Government of Pakistan.

The latest rise comes after another weekly increase of $611 million, when official inflows from multilateral institutions boosted the central bank's reserve position.

Separately, SBP Governor Jameel Ahmad said on Wednesday that the country's foreign exchange reserves were expected to reach a new record of $20.2 billion by the end of December 2026.

Addressing the concluding session of the Pakistan Banking Summit 2026, he said the SBP's reserves had increased sixfold from less than $3 billion in February 2023 to approximately $18.4 billion by the close of fiscal year 2025-26.