SBP Reserves At 53-Month High Despite Sudden, Huge Loan Repayments

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) have risen to US$ 17 billion, reaching their highest level in 53 months (over 4 years) despite continued regional uncertainty linked to US–Iran tensions.

The increase came despite significant external outflows including repayments tied to a US$ 1.3 billion Eurobond and the US$ 3.5 billion withdrawn by the United Arab Emirates.

According to details shared by Topline Securities, the buildup in reserves was supported by fresh inflows from partners such as Saudi Arabia, along with Pakistan’s renewed access to international capital markets through Eurobond and Panda bond issuances.

The overall trend reflects improved external financing conditions and a strengthened buffer position for the country’s foreign exchange reserves, even as external repayment pressures remain high.