Overview
- The State Bank of Pakistan reported that its foreign exchange reserves rose by $43 million to $17.19 billion for the week ended May 29, 2026, bringing total liquid reserves (including commercial banks) to $22.64 billion.
- The SBP credited recent inflows mainly to IMF program disbursements from the Extended Fund Facility and the Resilience and Sustainability Facility and to proceeds from yuan‑denominated Panda Bonds, with some external debt repayments also recorded.
- India’s Reserve Bank of India said its reserves climbed $938 million to $682.321 billion for the week ended May 28, 2026, driven by a $3.116 billion rise in foreign currency assets while the dollar value of gold holdings fell by $2.186 billion.
- Pakistan’s reserve stock is far smaller and therefore more sensitive to discrete inflows and repayments, while India’s much larger reserves show bigger swings from valuation changes and central bank market actions.
- These weekly moves matter for import cover, debt service and exchange‑rate policy because higher official reserves give authorities more room to meet payments and to manage currency volatility for businesses and households.