Reserves down $1.24b on debt repayments
Pakistan's foreign exchange reserves fell by $1.24 billion due to external debt repayments, while the rupee reached a 19-month high. Global market volatility, driven by shifting US interest rate expectations and geopolitical tensions, continues to influence local gold prices and currency stability.
Why it matters
The data reflects the ongoing economic balancing act Pakistan faces in managing sovereign debt while attempting to stabilize its currency against global market pressures.
--> Home Business Reserves down $1.24b on debt repayments SBP's forex deposits drop to $17.2b; rupee hits 19-month high; gold steady
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> KARACHI: The State Bank of Pakistan's (SBP) foreign exchange reserves decreased by $1,245 million during the week ended July 10, 2026, reaching $17,225.8 million. The decline was mainly due to external debt repayments.
Pakistan's total liquid foreign currency reserves stood at $22,675.5 million, including $17,225.8 million held by the SBP and $5,449.7 million with commercial banks. The latest figures reflect a continued focus on meeting external obligations while maintaining overall reserves stability.
Furthermore, the Pakistani rupee extended its winning streak on Thursday, strengthening past Rs278 to its highest level in 19 months. The local currency closed at Rs277.97, gaining Rs0.03 (0.01%) against the greenback. It had closed at Rs278 on Wednesday.
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