Forex reserves hit five-year high of USD26.8bn
KARACHI: The country’s total liquid foreign exchange reserves have risen to a five-year high of USD 26.8 billion, following the arrival of Eurobond proceeds last week. According to the State Bank of Pakistan (SBP), the central bank received USD 3 billion in Eurobond proceeds following the government’s successful auction in the international market. With the Eurobond proceeds and other inflows,…
Pakistan's foreign exchange reserves have reached a five-year high of USD 26.8 billion, according to the State Bank of Pakistan (SBP). The increase is attributed to the arrival of Eurobond proceeds following the government's successful international market auction. The central bank received USD 3 billion in Eurobond proceeds, contributing to a rise in reserves by USD 3.061 billion, bringing the total to USD 21.389 billion as of September 11, 2026.
This marks the highest level since September 2021, when reserves peaked at USD 27.1 billion. Additionally, net foreign exchange reserves held by commercial banks increased by USD 14 million to USD 5.402 billion during the week under review. Overall, the country's total liquid foreign exchange reserves rose by USD 3.075 billion to USD 26.791 billion, the highest since the same period in 2021.
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