State Bank of Pakistan (SBP) has reported a modest increase of $32 million in the country’s foreign exchange reserves for the week ended March 19, 2026, signaling continued efforts to stabilize Pakistan’s external sector.
According to official data released on Thursday, total forex reserves rose to $21.736 billion, compared to $21.704 billion recorded a week earlier. The increase was primarily driven by gains in reserves held by the central bank, alongside a slight uptick in commercial bank holdings.
Forex Reserves Breakdown
| Category | March 19, 2026 | March 13, 2026 | Change |
| Total Reserves | $21.736 billion | $21.704 billion | + $32 million |
| SBP Reserves | $16.376 billion | $16.354 billion | + $22 million |
| Banks’ Reserves | $5.36 billion | $5.35 billion | + $10 million |
The SBP has been actively managing reserve levels over recent months to maintain exchange rate stability and support external payments. Analysts note that while the increase is positive, it remains relatively small compared to Pakistan’s financing needs.
Economic experts emphasize that sustained inflows are crucial to strengthening reserves, particularly amid global geopolitical uncertainties and rising external obligations.
Meanwhile, Pakistan is currently engaged in negotiations with the International Monetary Fund (IMF) for the third review of its Extended Fund Facility (EFF). A successful review is expected to unlock a significant tranche, providing much-needed support to the country’s foreign exchange reserves and overall economic stability.
The outcome of these talks will play a key role in shaping Pakistan’s near-term economic outlook.