Pakistan’s liquid foreign exchange reserves witnessed a sharp decline this week, with the State Bank of Pakistan (SBP) reporting a drop of $1.37 billion, bringing total reserves down to $20.52 billion for the week ending April 10, 2026.
According to the latest weekly data, SBP-held reserves fell to $15.08 billion, compared to $16.40 billion in the previous week, reflecting a decrease of $1.32 billion. Meanwhile, reserves held by commercial banks also edged down by around $50 million, settling at $5.45 billion.
As a result, Pakistan’s total liquid foreign exchange reserves declined from $21.89 billion to $20.52 billion on a week-on-week basis.
The latest figures suggest an import cover of approximately 3.08 months, down from 3.35 months in the previous week, according to market estimates.
The decline comes after recent external debt repayments, including a major $1.4 billion Eurobond payment, which placed additional pressure on the country’s foreign reserves.
However, analysts note that a recent $2 billion deposit from Saudi Arabia is expected to be reflected in the upcoming weekly update, which may provide short-term support to reserve levels.
