The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by $33 million to $21.52 billion during the week ended October 23, 2026, marking the second consecutive weekly increase.
According to the central bank, reserves reached $21.522 billion, up from approximately $21.489 billion a week earlier. Meanwhile, Pakistan’s total liquid foreign exchange reserves stood at $26.75 billion, including $5.233 billion held by commercial banks. Commercial banks’ net reserves declined from $5.344 billion in the previous week.
The latest increase follows SBP Governor Jameel Ahmad’s announcement that the central bank expects foreign exchange reserves to reach $23 billion by December 2026 and $25 billion by June 2027. The targets reflect the central bank’s plans to strengthen the country’s external financial position and improve its capacity to meet foreign payment obligations.
