Pakistan’s total liquid foreign exchange reserves rose to $26.79 billion on Sept. 11, driven by a sharp increase in the reserves held by the State Bank of Pakistan (SBP) following receipt of proceeds from the country’s Eurobond issuance.
According to data issued by the central bank, its reserves climbed to their highest-ever level of $21.4 billion post-Eurobond receipt. The SBP reserves rose by $3.061 billion on week on week basis, marking the largest weekly increase since June 27, 2025.
The central bank has attributed the increase to the receipt of Pakistan’s Eurobond proceeds.
Commercial banks held net foreign reserves of $5.402 billion during the week, taking the country’s total liquid foreign reserves to $26.791 billion.
The latest increase marks a significant improvement in Pakistan’s external liquidity position, with the central bank’s reserves accounting for the bulk of the country’s foreign exchange holdings. The development comes as Pakistan continues efforts to strengthen its external financing position and build foreign exchange buffers through international capital markets and other financing sources