SBP Foreign Exchange Reserves Rise by $43 Million, Near $17.5 Billion Mark

SBP Foreign Exchange Reserves Rise by $43 Million, Near $17.5 Billion Mark

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Islamabad: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $43.4 million during the week ended May 29, 2026, according to the latest central bank data.

Overall, the country’s total liquid foreign exchange reserves slightly declined by $10.5 million, falling to $22.636 billion compared to $22.647 billion in the previous week.

Despite the overall dip, SBP-held reserves rose to $17.190 billion, up from $17.147 billion a week earlier, reflecting a marginal improvement in central bank holdings.

In contrast, reserves held by commercial banks decreased to $5.446 billion, down from $5.500 billion in the previous week.

The latest figures also show that Pakistan’s import cover has weakened, falling to 2.76 months from 2.87 months in the previous week.

Economists note that while the slight increase in SBP reserves is a positive signal, overall external stability continues to depend on sustained inflows and improved balance of payments management.

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Syed Sadat Hussain Shah

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