Pakistan's total liquid foreign-exchange reserves fell by about USD1.31 billion in a week to USD22.68 billion as of July 10, 2026, with the State Bank of Pakistan accounting for most of the decline after making external debt repayments. According to the central bank's weekly statement on liquid foreign reserves, its holdings dropped by USD1.245 billion to USD17.226 billion during the week ended July 10. The SBP attributed the decrease specifically to external debt repayments, which reversed part of the substantial reserve accumulation recorded just a week earlier. Pakistan's total liquid foreign reserves had stood at USD23.989 billion on July 3, meaning the country's combined holdings declined by roughly USD1.31 billion over the subsequent week.

The reduction was not confined to the central bank. Net foreign reserves held by commercial banks decreased by USD68 million to USD5.450 billion. A week earlier, commercial banks had held USD5.518 billion. The latest figures leave the SBP with by far the larger share of Pakistan's foreign-exchange holdings. Of the USD22.676 billion in total liquid reserves on July 10, USD17.226 billion was held by the central bank and USD5.450 billion by commercial banks.

The weekly movement represents a sharp reversal from the position recorded on July 3. At that point, the country's total liquid foreign reserves stood at USD23.989 billion, including USD18.471 billion with the SBP and USD5.518 billion with commercial banks. Over the following week, the central bank's stock fell by USD1.245 billion as external obligations were repaid.

Combined with the USD68 million reduction at commercial banks, this brought the overall reserve position down by approximately USD1.313 billion. The magnitude of the SBP decline also meant that central-bank holdings accounted for nearly all of the deterioration in the country's aggregate reserve position during the week. The data provide a concise illustration of how external debt servicing can alter Pakistan's foreign-exchange position over a relatively short period. Although total liquid holdings remained above USD22 billion, they retreated substantially from the nearly USD24 billion reported only one week earlier. For the central bank, the change was similarly pronounced. Its reserves moved from USD18.471 billion on July 3 to USD17.226 billion by July 10.

Commercial-bank holdings were comparatively stable, although their USD68 million decline added to the overall reduction. Pakistan therefore ended the week with USD22.676 billion in liquid foreign reserves, divided between USD17.226 billion at the SBP and USD5.450 billion at commercial banks. The central feature of the latest reserve data is not merely the lower headline total, but the speed of the weekly reversal: more than USD1.3 billion disappeared from combined holdings in seven days, with external debt repayments identified by the SBP as the reason for the USD1.245 billion fall in its own reserves.