Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) have increased to US$17.0 billion, marking a 53-month high despite sizeable external debt-related outflows.

The rise came even after major payments and adjustments, including a US$1.3 billion Eurobond repayment and US$3.5 billion in UAE-related deposits.

The buildup in reserves was supported by fresh inflows from Saudi Arabia and renewed access to international debt markets through Eurobond and Panda bond issuances.

The latest position indicates improved external financing conditions and a stronger reserve buffer, even as Pakistan continues to manage significant external repayment obligations.