Pakistan’s short-term FX liabilities near $22bn in September 2026

Pakistan faced a projected net foreign-currency outflow of $21.60bn from maturing loans, securities and deposits as of September 30, 2026, Mettis Global reported, citing the State Bank of Pakistan’s latest liquidity data. Official reserve assets stood at $31.43bn on that date. The largest maturity block, $16.54bn, was due in more than three months and within one year.

Principal repayments made up $17.54bn of the outflow, while interest payments accounted for $4.06bn. The report also showed a net shortfall of $808mn in forward and futures positions, with $2.10bn in short positions partly offset by $1.29bn in long positions. Convertible-currency reserves were $18.09bn, gold was valued at $8.70bn, and currency and deposits totalled $12.24bn.