ISLAMABAD:In a significant economic development, Pakistan’s total liquid foreign exchange reserves surged to $21.1924 billion for the business week ending January 2, 2026, according to the latest data released by the State Bank of Pakistan (SBP). This figure represents a collective milestone for the nation’s external financial buffers.
The central bank reported that its own held reserves increased by $141 million, reaching a historic high of $16.557 billion. This growth in the SBP’s reserves is a closely watched indicator of the country’s capacity to meet international obligations and manage external stability. Concurrently, the reserves held by commercial banks also saw an uptick, rising to $5.1367 billion, contributing to the overall positive position.
Analysts view this sustained accumulation as a sign of relative macroeconomic stability and the result of concerted efforts to manage the current account. The buildup is attributed to a combination of factors, including prudent fiscal and monetary policies, increased inflows from remittances, and a stable export performance. The SBP’s reserves crossing a new threshold is particularly encouraging for financial markets and international creditors, as it enhances the country’s resilience against external shocks.
A statement from the central bank highlighted that the current reserve level provides a substantial import cover and reflects an improving external sector. While celebrating this achievement, economists caution that maintaining this trajectory requires continued structural reforms and export-led growth to ensure long-term sustainability. The robust opening figure for 2026 sets a positive tone for the country’s economic management in the coming months.
