Forex reserves up USD104m on Saudi funds

KARACHI: Despite heavy external debt repayments, Pakistan’s foreign exchange reserves posted a modest weekly increase, supported mainly by inflows from Saudi Arabia, according to data released by the State Bank of Pakistan (SBP). The country’s total liquid foreign exchange reserves rose by USD 104 million during the week ended April 17, 2026, reaching USD 20. 629 billion compared to USD 20. 524 billion a week earlier. Breaking down the figures, SBP-held reserves increased by USD 18 million to USD 15. 098 billion. READ MORE: SBP-held foreign exchange reserves drop by $1. 32bn to $15. 08bn Meanwhile, net foreign exchange reserves held by commercial banks surged by USD 85 million to USD 5. 531 billion, reflecting improved inflows into the banking system. The improvement comes amid significant external inflows from Saudi Arabia. During the week under review, Pakistan received around USD 3 billion from the Kingdom, while an additional USD 1 billion inflow was received this week, which is expected to be reflected in the next reporting cycle. Copyright Business Recorder, 2026

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