Pakistan is expected to face net foreign currency outflows of $24.28 billion due to the maturity of foreign currency loans, securities, and deposits, according to the latest liquidity report released by the State Bank of Pakistan (SBP).

The report categorizes the expected outflows by residual maturity, with the largest portion $15.63 billion falling due between more than three months and one year. Another $6.68 billion is payable within the next month, while $1.97 billion is scheduled to mature between one and three months.

The principal repayment obligation amounts to $20.64 billion, of which $12.90 billion falls in the more than three-month to one-year maturity bracket. In addition, interest payments of $3.64 billion are due, including $2.74 billion payable during the same maturity period.

The report also highlighted a net shortfall of $881 million in aggregate short and long positions in forwards and futures. Short positions total $2.17 billion, while long positions amount to $1.29 billion.

The central bank noted that these obligations underline continued pressure on Pakistan's external account and reinforce the importance of sustained foreign inflows, timely debt rollovers, and prudent external liability management to safeguard reserve adequacy.

Despite the upcoming obligations, Pakistan's official reserve assets stood at $27.96 billion as of June 30, 2026, according to SBP data.

The reserve portfolio includes $15.65 billion in foreign currency reserves held in convertible currencies, making up the largest and most liquid component of the country's reserves. Of this amount, $3.21 billion is invested in securities.

The SBP also holds 2.084 million fine troy ounces of gold, valued at approximately $8.39 billion, providing an important buffer against currency volatility and external shocks.

Currency and deposits account for $12.44 billion of total reserves, including $6.55 billion held with foreign central banks, the Bank for International Settlements (BIS), and the International Monetary Fund (IMF), while $5.87 billion is deposited with banks headquartered outside Pakistan.

The report further showed that Pakistan's Special Drawing Rights (SDRs) amounted to $296.67 million, while other reserve assets totaled $3.62 billion. In addition to official reserves, the country held $123.73 million in other foreign currency assets.