SBP-held forex reserves jump $1.94bn on GoP inflows

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $1.94 billion during the week ended on July 3, 2026, supported by realisation of Government of Pakistan (GoP) inflows. According to the central bank, the country’s total liquid foreign exchange reserves stood at $23.99 billion as of June 3. Of the total, the SBP held $18.47 billion in foreign exchange reserves, while commercial banks held $5.52 billion. The central bank attributed the increase of forex reserves to realisation of Government of Pakistan (GoP) inflows. “During the week ended on 3-Jul-2026, SBP’s FX reserves increased by US$ 1,944 million to US$ 18,471.0 million. The increase in SBP’s FX reserves is due to realisation of GoP inflows,” it said. During the previous week, the SBP reserves increased by $611 million on government inflows from multilateral institutions. While speaking at the concluding session of the two-day Pakistan Banking Summit 2026 on Wednesday, State Bank of Pakistan (SBP) Governor Jameel Ahmad said SBP reserves would hit a new all-time high at $20.2 billion by end of December 2026, adding the FX reserves had grown six times to $18.4 billion by end of FY26 from below $3 billion in February 2023.