The State Bank of Pakistan’s foreign exchange reserves rose by $15.8 million during the week ending October 9, 2026, reaching $21.469 billion, according to figures released by the central bank.
Pakistan’s total liquid foreign exchange reserves stood at $26.863 billion, including $5.394 billion held by commercial banks.
The increase in the State Bank’s holdings was small, but commercial bank reserves grew by another $50.1 million. Together, the two increases lifted the country’s total reserves by approximately $65.9 million over the previous week.
On October 2, the State Bank held $21.454 billion, while combined reserves stood at $26.797 billion.
Foreign exchange reserves are important because they provide a buffer for international payments, including imports and external debt obligations. Higher reserves can also help strengthen confidence in the country’s ability to meet its foreign currency needs.
There is an important difference between the two figures. The State Bank’s reserves are held by the central bank, while the larger national total includes foreign currency held by commercial banks. They should not be treated as interchangeable.
Pakistan’s reserves have increased significantly during 2026, supported in part by foreign currency inflows, including the government’s international bond issuance.
However, the latest weekly rise was modest rather than a major new inflow. Import spending, external debt repayments and future financing will continue to influence the country’s reserve position.
The October 9 data therefore show that Pakistan maintained its stronger foreign exchange buffer, with a limited increase during the week.
Sources: State Bank of Pakistan reserve statistics; Dawn, October 16, 2026.