KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) fell by $1.3 billion to $15.916bn during the week ended June 19, the central bank announced on Thursday.
However, despite this massive outflow due to debt repayment, the SBP managed to achieve the $18bn target projected for the outgoing FY26, which closes on June 30.
Thecentralbanksaidinsubsequent daysitreceived $0.7bn from a multilateral institution and about $1.7bn as refinancing of GoP commercial loans.
‘These inflows will be reflected in SBP’s FX reserves as of June 30,’ said the SBP, meaning $2.4bn would be added to the central bank’s reserves in the last week of FY26. With inflows of $2.4bn in the last week, the SBP exceeded its target to $18.3bn.
Itfurthersaid the totalliquidforeignreserves held by the country stood at $21.484bn as of June 19, including $5.568bn held by commercial banks.