KARACHI, April 30, 2026: Pakistan’s foreign exchange reserves rose to $21.27 billion in the week ended April 24, 2026, following a fresh $3 billion deposit from Saudi Arabia, according to the State Bank of Pakistan.
The central bank reported that total reserves increased by $640 million compared to $20.63 billion recorded a week earlier on April 17, 2026. The inflow provided much-needed support to the country’s external account amid ongoing debt repayments.
SBP Reserves Show Strong Weekly Growth
The reserves held by the State Bank of Pakistan surged by $730 million to $15.828 billion during the week under review, up from $15.098 billion a week earlier. This increase reflects the direct impact of financial assistance from Saudi Arabia.
However, reserves held by commercial banks declined slightly. They fell by $90 million to $5.441 billion, compared to $5.531 billion in the previous week.
Debt Repayments Offset by Saudi Support
April 2026 proved to be a crucial month for Pakistan’s external finances. The country repaid $3.45 billion to the United Arab Emirates and an additional $1.3 billion against Eurobond liabilities.
Despite these significant outflows, the $3 billion Saudi deposit helped offset the pressure on reserves. As a result, Pakistan managed to maintain a stable reserve position.
IMF Inflows Expected to Strengthen Position
Pakistan is now anticipating further inflows from the International Monetary Fund under its Extended Fund Facility (EFF). The IMF Executive Board is expected to review and approve the next tranche in an upcoming meeting.
If approved, the inflow will further strengthen Pakistan’s external account and improve investor confidence.
Outlook for Pakistan’s Economy
The recent increase in foreign exchange reserves signals improved financial stability. Analysts believe continued external support and IMF backing could help Pakistan navigate ongoing economic challenges.
However, maintaining reserves will depend on sustained inflows, export growth, and prudent fiscal management.