Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) declined sharply during the week ended July 10, 2026, primarily due to repayments of external debt obligations.
According to figures released by the central bank, SBP-held reserves fell by $1.245 billion to $17.226 billion, compared with $18.471 billion recorded a week earlier.
The central bank attributed the decline to scheduled payments against Pakistan’s external debt, which reduced the country’s official foreign exchange holdings during the reporting period.
Despite the decrease in reserves held by the SBP, Pakistan’s total liquid foreign exchange reserves stood at $22.676 billion as of July 10.
The total includes $17.226 billion held by the State Bank of Pakistan and $5.450 billion maintained by commercial banks.
The latest decline reverses a significant portion of the $1.944 billion increase recorded in the previous week, highlighting the continued impact of external debt servicing on the country’s foreign exchange position.
Pakistan’s foreign exchange reserves remain a key indicator of the country’s external financial stability and its ability to meet import and debt repayment obligations.
