{
  "id": 16640574,
  "title": "SBP Governor Makes Big Prediction About Forex Reserves",
  "url": "https://urgent.news/2026/10/26/sbp-governor-makes-big-prediction-about-forex-reserves",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T17:58:45.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/10/26/sbp-governor-makes-big-prediction-about-forex-reserves/"
  },
  "original_language": "en",
  "account": "The State Bank of Pakistan (SBP) anticipates its foreign exchange reserves to increase by $3.5 billion by June 2027, reaching a total of $25 billion from the current $21.5 billion. Governor Jameel Ahmed disclosed these projections during a post-monetary policy press conference on Monday, following the central bank's decision to raise the policy rate by 50 basis points to 12 percent. According to the SBP, reserves are projected to hit $23 billion by December 2026 and $25 billion by June 2027. Most of the reserve recovery has been attributed to dollar purchases in the market rather than new borrowing. Ahmed pointed out that Pakistan's reserves fell below $3 billion in February 2023 and began to recover afterward. As of last week, SBP reserves were just under $22 billion.\n\nThe SBP projects economic growth between 3.5 and 4.5 percent in the current fiscal year. The policy rate hike from 11.5 percent to 12 percent is driven by persistent inflation, rising energy costs, and concerns that geopolitical tensions might drive up global commodity prices. The central bank attributed the inflation concerns to the need to maintain control over inflation expectations. However, the reserve projection comes with risks. High global commodity prices, tighter international financial conditions, and supply constraints could all impact the target.",
  "summary": "The State Bank of Pakistan (SBP) expects its foreign exchange reserves to grow by $3.5 billion by June 2027, taking … Read More The post SBP Governor Makes Big Prediction About Forex Reserves appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}