{"id":102926,"date":"2025-07-31T11:59:00","date_gmt":"2025-07-31T06:59:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=102926"},"modified":"2025-07-30T19:03:41","modified_gmt":"2025-07-30T14:03:41","slug":"fx-reserves-to-hit-usd-17-5-bn-in-fy26","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html","title":{"rendered":"FX reserves to hit USD 17.5 bn in FY26: SBP Governor"},"content":{"rendered":"\n

Karachi:<\/strong> The State Bank of Pakistan (SBP) expects the country\u2019s foreign exchange reserves to rise to USD 17.5 billion by the end of the fiscal year 2025-26, despite substantial external debt repayments scheduled during the period, according to SBP Governor Jameel Ahmad.<\/p>\n\n\n\n

Speaking at the monetary policy press conference on Wednesday, Ahmad said the anticipated increase of USD 3 billion in FX reserves\u2014up from USD 14.5 billion at the close of FY25\u2014would occur alongside debt repayments and rollovers totaling USD 25.9 billion.<\/p>\n\n\n\n

The SBP chief noted that reserves could exceed the targeted USD 17.5 billion if Pakistan successfully taps global capital markets through the issuance of Eurobonds.<\/p>\n\n\n\n

In the same briefing, the central bank announced that it would maintain the key policy rate at 11%, citing a stable outlook for inflation and external accounts.<\/p>\n\n\n\n

Read: Forex reserves grow steadily, SBP adds USD 46 mn in a week<\/a><\/p>\n\n\n\n

Ahmad also projected that Pakistan\u2019s economy would grow between 3.25% and 4.25% in FY26, supported by a rebound in agriculture and continued gains in the industrial and services sectors. The projection aligns closely with the International Monetary Fund\u2019s (IMF) forecast of 3.6% GDP growth for the same period.<\/p>\n\n\n\n

The current account, which posted a surplus in FY25, is expected to move into a deficit ranging between 0% and 1% of GDP in FY26, largely due to rising import demand as economic activity recovers.<\/p>\n\n\n\n

On the inflation front, the SBP\u2019s Monetary Policy Committee (MPC) forecasted that year-on-year inflation would mostly stay within the 5\u20137% range, although it could temporarily exceed this band due to external and domestic shocks.<\/p>\n\n\n\n

The MPC cautioned that the outlook remains vulnerable to several risks, including global commodity price volatility, adverse trade developments, unexpected hikes in administered energy prices, and weather-related disruptions such as widespread flooding. <\/p>\n","protected":false},"excerpt":{"rendered":"

Karachi: The State Bank of Pakistan (SBP) expects the country\u2019s foreign exchange reserves to rise to USD 17.5 billion by the end of the fiscal year 2025-26, despite substantial external debt repayments scheduled during the period, according to SBP Governor Jameel Ahmad. Speaking at the monetary policy press conference on Wednesday, Ahmad said the anticipated increase of USD 3 billion in FX reserves\u2014up from USD 14.5 billion at the close of FY25\u2014would occur alongside debt repayments and rollovers totaling USD 25.9 billion. The SBP chief noted that reserves could exceed the targeted USD 17.5 billion if Pakistan successfully taps global capital markets through the issuance of Eurobonds. In the same briefing, the central bank announced that it would maintain the key policy rate at 11%, citing a stable outlook for inflation and external accounts. Read: Forex reserves grow steadily, SBP adds USD 46 mn in a week Ahmad also projected that Pakistan\u2019s economy would grow between 3.25% and 4.25% in FY26, supported by a rebound in agriculture and continued gains in the industrial and services sectors. The projection aligns closely with the International Monetary Fund\u2019s (IMF) forecast of 3.6% GDP growth for the same period. The current account, which posted…<\/p>\n","protected":false},"author":18,"featured_media":76277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[62801,10620,64901,66787,66781,66784,7793,66790,66786,66785,51876,63810,66789,59859,34475,66782,66788,6066,66783,28972],"persona":[],"class_list":{"0":"post-102926","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-capital-markets","9":"tag-current-account-deficit","10":"tag-economic-growth-pakistan","11":"tag-eurobond-pakistan","12":"tag-external-debt-repayments","13":"tag-fiscal-year-2025-26-2","14":"tag-foreign-exchange-reserves","15":"tag-global-economic-risks","16":"tag-imf-gdp-forecast","17":"tag-inflation-outlook","18":"tag-interest-rate-pakistan","19":"tag-jameel-ahmad","20":"tag-monetary-policy-committee","21":"tag-pakistan-central-bank","22":"tag-pakistan-economy","23":"tag-pakistan-gdp-forecast","24":"tag-pakistan-trade-balance","25":"tag-sbp","26":"tag-sbp-forecast","27":"tag-sbp-monetary-policy","28":"cat-15017-id"},"acf":[],"yoast_head":"\nFX reserves to hit USD 17.5 bn in FY26 - Zameen News<\/title>\n<meta name=\"description\" content=\"Ahmad also projected that Pakistan\u2019s economy would grow between 3.25% and 4.25% in FY26, supported by a rebound in agriculture...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FX reserves to hit USD 17.5 bn in FY26 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Ahmad also projected that Pakistan\u2019s economy would grow between 3.25% and 4.25% in FY26, supported by a rebound in agriculture...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News & Pakistan Property News & Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-31T06:59:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/SBP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FX reserves to hit USD 17.5 bn in FY26 - Zameen News","description":"Ahmad also projected that Pakistan\u2019s economy would grow between 3.25% and 4.25% in FY26, supported by a rebound in agriculture...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html","og_locale":"en_US","og_type":"article","og_title":"FX reserves to hit USD 17.5 bn in FY26 - Zameen News","og_description":"Ahmad also projected that Pakistan\u2019s economy would grow between 3.25% and 4.25% in FY26, supported by a rebound in agriculture...","og_url":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html","og_site_name":"Pakistan Real Estate News & Pakistan Property News & Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2025-07-31T06:59:00+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/SBP.jpg","type":"image\/jpeg"}],"author":"Samra Zulfiqar","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Samra Zulfiqar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293"},"headline":"FX reserves to hit USD 17.5 bn in FY26: SBP Governor","datePublished":"2025-07-31T06:59:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html"},"wordCount":299,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/SBP.jpg","keywords":["capital markets","Current account deficit","economic growth Pakistan","Eurobond Pakistan","external debt repayments","fiscal year 2025-26","foreign exchange reserves","global economic risks","IMF GDP forecast","inflation outlook","Interest rate Pakistan","Jameel Ahmad","monetary policy committee","pakistan central bank","Pakistan economy","Pakistan GDP forecast","Pakistan trade balance","SBP","SBP forecast","SBP monetary policy"],"articleSection":["Notices & Announcements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html","url":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html","name":"FX reserves to hit USD 17.5 bn in FY26 - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/SBP.jpg","datePublished":"2025-07-31T06:59:00+00:00","description":"Ahmad also projected that Pakistan\u2019s economy would grow between 3.25% and 4.25% in FY26, supported by a rebound in agriculture...","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/SBP.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/SBP.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FX reserves to hit USD 17.5 bn in FY26: SBP Governor"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News & Pakistan Property News & Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293","name":"Samra Zulfiqar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/Samra-96x96.jpg","caption":"Samra Zulfiqar"},"description":"Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market\u2019s most promising opportunities.","url":"https:\/\/www.zameen.com\/news\/author\/samra"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/102926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=102926"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/102926\/revisions"}],"predecessor-version":[{"id":102927,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/102926\/revisions\/102927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/76277"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=102926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=102926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=102926"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=102926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}