Pakistan’s Liquid Foreign Reserves Stand at $20.52 Billion: SBP

April 16, 2026 at 8:03 PM
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ISLAMABAD: Pakistan’s total liquid foreign reserves stood at $20.52 billion as of April 10, 2026, the State Bank of Pakistan (SBP) said on Thursday.

The central bank said the reserves included $15.08 billion held by the SBP and $5.45 billion in net reserves held by commercial banks, reflecting the country’s overall external liquidity position.

The central bank said reserves held by the SBP dropped by $1.32 billion during the week to $15.08 billion, mainly due to a repayment of $1.43 billion against Pakistan’s sovereign Eurobond.

“During the week ended on 10-Apr-2026, SBP’s FX reserves decreased by US$ 1,321 million to US$ 15,079.5 million,” SBP said.

Despite the fall in reserves, Pakistan’s external account showed signs of improvement, with the country recording a current account surplus of $1.07 billion in March 2026.

The data, released by the SBP and shared by Finance Minister’s adviser Khurram Schehzad on social media, marks the second-highest monthly surplus on record.

The March surplus was slightly below the roughly $1.2 billion recorded in March 2025, indicating sustained strength in the external balance.

For the first nine months of the current fiscal year (July–March FY26), the current account recorded a marginal surplus of around $8 million.

This marks a turnaround from persistent deficits in previous years, reflecting improved external stability.

The current account measures the flow of goods, services, income and transfers between a country and the rest of the world.

A surplus indicates that inflows, such as exports and remittances, exceed outflows, including imports and debt payments.

Economists attribute the improvement to a narrowing gap between imports and exports, supported by controlled domestic demand and steady remittance inflows.

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