The possibility of delay in the issuance of new design currency notes in Pakistan has been indicated.
While addressing the media and a ceremony, State Bank Governor Jameel Ahmad said that there is a possibility of delay in the introduction of new design currency notes.
He added that the new currency note designs had been sent to the government for approval, but the government returned them with some changes and instructions to further improve them. The State Bank is currently working on these changes, and final approval will be given by the federal cabinet.
He also shared that reforms by the State Bank have improved foreign exchange reserves. Remittances of $38 billion were received in the last fiscal year, and they are expected to exceed $41 billion in the current fiscal year.
The current account is in surplus for the first nine months of the ongoing fiscal year, although oil prices in the remaining three months may affect it. The current account deficit is expected to remain minimal this fiscal year, estimated between 0 to 1 percent.
The State Bank estimates that foreign exchange reserves have improved significantly over the past three years, rising from $3 billion to $17 billion.
Regarding external debt, he said that four years ago the combined government and State Bank external debt was $102 billion, while in March 2026 it stands at $103 billion. Over the past four years, Pakistan’s total external debt has remained almost stable.
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