Foreign currency deposits held in Pakistan increased by $118.29 million month on month to $6.862 billion in July 2026, according to the latest data released by the State Bank of Pakistan. Despite the monthly increase, total foreign currency deposits remained below the level recorded a year earlier, declining by $58.98 million or 0.85% from $6.921 billion in July 2025. The monthly rise was primarily driven by an increase in deposits held by residents, while non-resident deposits recorded a decline during the month.
Foreign currency deposits held by residents stood at $5.854 billion in July 2026, increasing by $129.89 million or 2.27% from $5.724 billion in June. On a year-on-year basis, however, resident foreign currency deposits declined by $169.67 million or 2.82% from $6.023 billion recorded in July 2025. The resident deposit position included $2.033 billion in demand deposits, $1.713 billion in savings deposits and $2.107 billion in time deposits, showing the distribution of foreign currency holdings across different types of accounts.
Non-resident foreign currency deposits declined to $1.009 billion in July 2026 from $1.020 billion in June, representing a monthly reduction of $11.60 million or 1.14%. Despite the month-on-month decline, non-resident deposits remained higher than a year earlier, increasing by $110.70 million or 12.33% from $897.94 million in July 2025. Non-resident deposits consisted of $602.18 million in demand deposits, $213.44 million in savings deposits and $193.02 million in time deposits during the month.
The State Bank of Pakistan data also showed that foreign currency deposits were utilised across several financing and liquidity channels during July. As these deposits contribute to financing fiscal and external current account requirements, $790.44 million was used for pre-shipment financing, while $147.81 million was allocated for post-shipment financing. A further $1.079 billion was utilised for import financing during the month, reflecting the role of foreign currency resources in supporting trade-related financial requirements and the movement of goods into the country.
A portion of the foreign currency deposits was also maintained with the State Bank of Pakistan and financial institutions. During July, $1.354 billion was placed with the State Bank of Pakistan and Pakistani banks. Of this amount, $388.76 million was held under cash reserve requirements, while $718.94 million was maintained under special cash reserve requirements. Another $22.22 million was placed with banks within Pakistan, while $224.06 million was maintained with banks outside the country. These placements formed part of the overall management of foreign currency liquidity within the banking system.
The data further showed that $485.54 million of foreign currency resources were held as balances abroad, while $237.57 million remained as cash in hand. Overall, the July figures show that Pakistan’s foreign currency deposit base strengthened on a monthly basis, led by higher resident holdings, although total deposits remained slightly below their level a year earlier. The increase in resident deposits and the year-on-year rise in non-resident deposits provide a mixed picture, while the utilisation of these resources for trade financing, reserve requirements and overseas balances highlights their role within Pakistan’s broader banking and external financing framework.
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