The State Bank of Pakistan, while releasing the latest data on the country’s foreign exchange reserves, has said that the country’s total foreign exchange reserves have reached close to the level of $24 billion, while a significant increase of about two billion dollars has been recorded in the State Bank’s reserves during the week.
According to the State Bank, the country’s total foreign exchange reserves stood at $23,988.7 million at the end of the week ending July 3, 2026. Among them, the official foreign exchange reserves held by the State Bank of Pakistan reached $18.47 billion, while commercial banks have net foreign exchange reserves of $5.51 billion.
According to data released by the central bank, the State Bank’s foreign exchange reserves increased by $1.94 billion during the week ending July 3, after which the official reserves reached $18.47 billion.
The State Bank clarified that this significant increase in foreign exchange reserves was due to the foreign funds received by the Government of Pakistan, which further strengthened the country’s fiscal position.
According to economic experts, an increase in foreign exchange reserves not only improves external payments capacity but also reduces pressure on the domestic currency, increases investor confidence and strengthens overall economic stability.
The recent data is being described as a positive development for Pakistan’s economic situation.
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