SBP reserves climb by $3.06 billion in one week, while commercial banks also report a modest increase in their foreign currency holdings.
Pakistan’s total liquid foreign exchange reserves recorded a sharp increase, reaching US$26,791.2 million as of September 11, 2026, according to the latest weekly data released by the State Bank of Pakistan (SBP).
The substantial rise was mainly driven by a strong increase in the reserves held by the central bank. The SBP reported that its foreign exchange reserves climbed by US$3,061 million, taking its holdings to US$21,389 million during the week under review.
According to the central bank, the increase was primarily linked to the receipt of proceeds from Pakistan’s Eurobond issuance. The inflow provided a significant boost to the country’s official foreign currency reserves during the reporting period.
The latest increase marks the second consecutive weekly rise in SBP-held reserves. In the previous week ending September 4, the central bank’s reserves had increased by US$1,210 million, reaching US$18,328.2 million following the receipt of proceeds from a government commercial loan.
The latest figures show that SBP reserves have therefore risen by more than US$4.2 billion over two weeks, reflecting the impact of external financing inflows on the country’s reserve position.
Meanwhile, foreign exchange reserves maintained by commercial banks also recorded a modest improvement. Their holdings increased by US$14.6 million during the week, reaching US$5,402.2 million.
As a result, Pakistan’s overall liquid foreign reserves increased substantially from US$23,715.8 million on September 4 to US$26,791.2 million on September 11.
Of the total reserves recorded at the latest reporting date, the SBP accounted for US$21,389 million, while commercial banks held US$5,402.2 million.
The latest reserve position highlights the impact of external financing receipts on Pakistan’s foreign currency buffers. The increase also strengthens the country’s overall reserve position compared with the previous week.