Workers’ Remittances Climb 8.41% to $9.5 Billion in First Quarter of FY26
Workers’ remittances to Pakistan grew 8.41% year-on-year to $9.5 billion in the first quarter of FY26, with Saudi Arabia and UAE leading inflows, boosting foreign exchange reserves and external account stability.
State Bank of Pakistan Maintains Special Cash Reserve Account Rate at 3.27% for October 2025
The State Bank of Pakistan has kept the Special Cash Reserve Account rate at 3.27% for October 2025, maintaining stability for U.S. dollar-denominated deposits and supporting liquidity management across the banking system.
Pakistan Plans $750 Million Financing Drive with First Panda Bond Launch
Pakistan is preparing to raise $750 million through commercial borrowing and its first-ever Panda Bond issuance, supported by ADB and AIIB guarantees, to strengthen reserves ahead of an IMF review.
Pakistan’s External Account Shows Improvement with Strong Export and Remittance Growth
Pakistan’s external account deficit narrowed in July FY2026 compared to last year, supported by higher exports, rising remittances, and stronger IT inflows, despite an expanding trade deficit due to higher imports of petroleum and food products.
State Bank of Pakistan’s FX Intervention Reaches $522 Million in May 2025
The State Bank of Pakistan recorded net foreign exchange purchases worth $522 million in May 2025, marking an increase from April’s $473 million. Since June 2024, the central bank’s cumulative interventions have reached $7.75 billion, reflecting ongoing efforts to stabilize the interbank market.
State Bank of Pakistan’s Forex Reserves Edge Higher, Surpass IMF Targets
The State Bank of Pakistan’s foreign exchange reserves rose by $11 million to $14.243 billion in the week ending August 8, crossing IMF targets and lifting total liquid reserves to $19.496 billion, with commercial banks holding $5.253 billion.
Pakistani Rupee Gains Ground as State Bank Relaxes Export Rules
The Pakistani rupee strengthened to PKR 282.22 against the US dollar after the State Bank of Pakistan removed a key restriction on exporters, boosted by strong remittances but tempered by rising imports.
SBP’s April Foreign Exchange Intervention Totals $473 Million, Bringing FY25 Cumulative to $6.66 Billion
The State Bank of Pakistan made a net FX purchase of $473 million in April 2025, bringing FY25’s total interventions to $6.66 billion. Since data publication began in June 2024, SBP’s cumulative FX operations now stand at $7.23 billion, reflecting its ongoing role in stabilizing the currency market.
State Bank’s Foreign Reserves Surge to $14.5 Billion, Boosting Pakistan’s External Position
Pakistan’s foreign exchange reserves under the State Bank surged by $1.77 billion in a week to $14.5 billion, pushing total reserves past $20 billion, driven by official inflows that strengthen the country’s external financial position.
Pakistan Moves Past Economic Strain with Signs of Sustainable Growth, Says SBP Chief
SBP Governor Jameel Ahmad says Pakistan has emerged from its tough economic phase, citing falling inflation, stronger reserves, and policy-driven stability, as the central bank pushes for long-term, inclusive growth.