PM Expresses Confidence As Forex Reserves Reach Historic High Of $21.4 Billion
ISLAMABAD, (APP - UrduPoint / Pakistan Point News - 18th Sep, 2026) Prime Minister Muhammad Shehbaz Sharif on Friday expressed satisfaction over the State Bank of Pakistan’s (SBP) foreign exchange reserves reaching a historic high of $21.4 billion, terming it another milestone towards economic stability.
In a statement issued by the PM's Office, the prime minister expressed gratitude to Almighty Allah and said the increase in reserves reflected the sustained efforts of the economic team and the government's measures in the right direction.
He said significant improvement in remittances and services exports, a better current account position and fiscal discipline had played an important role in strengthening the country's foreign exchange reserves. The prime minister noted that Pakistan's successful return to international capital markets was also a manifestation of restored global confidence in the country's economy.
Shehbaz Sharif said the increase in foreign exchange reserves would strengthen the country's capacity to meet external payment obligations and enhance its ability to withstand global economic challenges. He added that a stable economic position would open new avenues for greater external confidence, investment, and sustainable economic growth.
He paid tribute to Finance Minister Muhammad Aurangzeb, the SBP governor, the government's economic team, and, in particular, overseas Pakistanis for their contributions to this achievement. Notably, unlike previous increases, the recent rise in foreign exchange reserves was primarily supported by the SBP's purchase of foreign exchange, with a significant reduction in its outstanding foreign exchange-related obligations.
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Related Topics:
- Pakistan
- Shahbaz Sharif
- Prime Minister
- Governor
- Exchange
- Exports
- State Bank Of Pakistan
- Market
- Government
- Billion
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