Pakistan’s liquid foreign exchange reserves fell sharply this week, with the State Bank of Pakistan reporting a decline of $1.37 billion, taking the country’s total reserves to $20.52 billion for the week ending April 10, 2026.
According to the SBP’s latest weekly data, reserves held by the central bank stood at $15.08 billion, down from $16.40 billion a week earlier, showing a weekly drop of $1.32 billion.
Reserves held by commercial banks also edged lower by $50 million, closing the week at $5.45 billion compared with $5.49 billion in the previous week.
As a result, the country’s total liquid foreign exchange reserves declined from $21.89 billion to $20.52 billion on a week-on-week basis.
According to Topline Securities, the latest reserve level translates into an import cover of around 3.08 months, down from 3.35 months in the previous week.
The decline comes after Pakistan recently made major external payments, including the successful repayment of a $1.4 billion Eurobond, which had already put pressure on reserve levels.
At the same time, Saudi Arabia deposited $2 billion in SBP today which will be reflected in next week’s update.
