Karachi, April 2, 2026 – Pakistan’s total foreign exchange reserves have increased to $21.79 billion for the week ending March 27, 2026, according to the latest data released by the State Bank of Pakistan (SBP). The rise reflects steady improvements in the country’s external account position amid ongoing economic reforms and financial inflows.
The country’s net reserves increased by $54 million compared to $21.736 billion recorded a week earlier on March 19, 2026. This uptick highlights continued stability in Pakistan’s forex position despite global economic uncertainties.
SBP-held reserves saw a marginal increase of $6 million, reaching $16.382 billion by the end of the reporting week. Meanwhile, commercial banks’ reserves rose by $48 million to $5.408 billion, indicating stronger inflows and improved liquidity in the banking sector.
Analysts noted that the central bank has managed to maintain forex reserves at a comfortable level, which is crucial for supporting imports and ensuring stability in the external sector. The improved reserves position also helps bolster investor confidence and stabilize the local currency.
A key development contributing to this outlook is the recent Staff-Level Agreement (SLA) between Pakistan and the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) and Climate Resilience Fund (CRF). This agreement is expected to unlock $1.21 billion in additional financing, pending approval from the IMF Executive Board.
Since the beginning of the current fiscal year, Pakistan’s forex reserves have increased by $2.52 billion. In comparison, reserves stood at $19.27 billion at the end of the previous fiscal year 2024-25.
Economists believe that continued external inflows, IMF support, and prudent monetary management will be essential to sustaining reserve growth in the coming months and maintaining macroeconomic stability.