Pakistan's foreign exchange reserves have edged higher to $21.74 billion, offering a modest sign of stability, though the incremental rise underscores the economy's continued dependence on fragile external buffers.

According to the State Bank of Pakistan, total liquid foreign reserves stood at $21,736 million as of March 19, 2026, compared with $21,704.2 million a week earlier. The increase reflects a marginal improvement rather than a decisive shift in the country's external position.

Reserves held by the central bank rose by $22 million during the week, reaching $16,375.8 million. Commercial banks also recorded a slight uptick, with holdings increasing by $10 million to $5,360.2 million.

The figures indicate a steady but limited accumulation of foreign currency assets. In the preceding week ending March 13, 2026, the central bank's reserves were reported at $16,353.7 million, while commercial lenders held $5,350.5 million.

Although the overall stock of reserves remains above $21 billion, the pace of growth appears subdued. The incremental weekly gains highlight the cautious trajectory of Pakistan's external sector, where even small movements are closely watched for signals of stability.

The latest data suggests that while reserves are not under immediate strain, the absence of significant inflows continues to constrain rapid accumulation, leaving the country reliant on gradual improvements rather than sharp recovery.