By Commerce Reporter
ISLAMABAD — Pakistan’s total liquid foreign reserves reached US$ 21,293.3 million as of January 23, 2026, according to the latest data released by the State Bank of Pakistan (SBP).
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The reserves are comprised of US$ 16,101.1 million held by the SBP and US$ 5,192.2 million net reserves held by commercial banks.
During the week ending January 23, SBP’s foreign exchange reserves increased slightly by US$ 13 million, reflecting a modest improvement in the country’s external liquidity position.
Analysts say the liquid reserves, while providing some short-term stability, remain under pressure due to ongoing balance-of-payments challenges and external debt obligations. Maintaining and gradually boosting these reserves will be critical to support the country’s currency, import payments, and investor confidence.
Pakistan, foreign reserves, State Bank of Pakistan, FX reserves, economy, balance of payments, Jan 2026
