Foreign exchange reserves held by the State Bank of Pakistan recorded an increase of $19.1 million during the week ending February 13, 2026. The gain represents a 0.12 percent rise on a week-on-week basis, according to the central bank’s latest data release.
The modest uptick signals relative stability in the country’s external position, even as broader reserve levels experienced fluctuations. Analysts note that weekly movements in reserves often reflect external debt repayments, official inflows, and currency market interventions.
Despite the increase in SBP-held reserves, the central bank’s weekly report revealed that Pakistan’s total liquid foreign exchange reserves declined by $73.2 million during the same period. As of February 13, 2026, total reserves stood at $21.3015 billion, compared to $21.3747 billion in the previous week.
Total liquid reserves include both holdings of the central bank and reserves maintained by commercial banks. Variations in overall reserves may occur due to external payment obligations, changes in foreign currency deposits, or short-term financial adjustments.
The increase in SBP reserves suggests that official inflows or reduced outflows helped offset broader pressures. Economists emphasize that even incremental gains contribute to strengthening investor confidence and stabilizing exchange rate expectations.
Foreign exchange reserves are a critical economic indicator, reflecting a country’s ability to meet import bills and external debt obligations. Adequate reserve buffers also help maintain currency stability during periods of global financial uncertainty.
Pakistan’s external sector remains under close monitoring amid evolving global economic conditions. Fluctuations in oil prices, remittance trends, and export performance continue to influence reserve movements.
Financial experts point out that sustained improvement in reserves typically depends on structural reforms, export growth, foreign direct investment, and stable remittance inflows. Short-term gains, while positive, must be supported by long-term economic fundamentals.
The latest weekly data indicates that while total reserves saw a slight dip, the central bank’s holdings experienced a net improvement. Market participants will continue to monitor upcoming reserve updates for signs of sustained stabilization.
As policymakers focus on strengthening macroeconomic indicators, foreign exchange reserves remain a key benchmark for assessing Pakistan’s financial resilience and external liquidity position.
