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Pakistan’s total liquid foreign exchange reserves rose to $26.797 billion in the week ended October 2, 2026. The State Bank of Pakistan (SBP) reported the figures on Thursday.
The central bank’s reserves increased by $15 million to $21.454 billion during the week. However, commercial banks’ net foreign reserves fell by $17 million to $5.344 billion.
The country’s total liquid reserves stood at $26.771 billion a week earlier. The latest figures reflect a modest overall increase in Pakistan’s foreign exchange holdings.
The Pakistani rupee extended its gains against the US dollar on Thursday. It closed at Rs277.01, compared with Wednesday’s closing rate of Rs277.02.
The local currency gained Rs0.01 during the session.
Gold prices in Pakistan edged higher on Thursday, recovering slightly from the previous session’s sharp decline. International bullion prices also gained as investors assessed the US Federal Reserve’s interest rate outlook.
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According to the All-Pakistan Gems and Jewellers Sarafa Association, gold rose by Rs600 per tola to Rs435,036.
The price of 10-gram gold increased by Rs515 to Rs372,973. On Wednesday, gold had fallen by Rs3,100 to settle at Rs434,436 per tola.
In the international market, spot gold rose 0.3% to $4,122.36 per ounce by 12:20 pm EDT (1620 GMT), Reuters reported.
Gold had touched its lowest level since August 5 on Wednesday. A stronger US dollar and higher US Treasury yields had pressured bullion prices during the previous session.
Investors are also assessing the Federal Reserve’s future monetary policy. Minutes from the Fed’s September meeting revealed divisions among policymakers over the rationale for a rate hike.
Market pricing indicated a 21% probability of an October rate hike. The probability of a December increase stood at 88%.
These expectations could influence gold prices in the coming weeks. Investors are watching economic data and central bank signals for clearer direction.
Adnan Agar, director at Interactive Commodities, described the market as “completely sluggish.” He said gold was struggling to establish a clear direction.
According to Agar, bullion was trading within a narrow range. Market participants remained uncertain about whether prices would rise or fall next.
He said further downside pressure remained possible. However, a decline below $4,000 per ounce appeared unlikely without major economic data or unexpected news triggering fresh selling.
Agar expects a clearer trading range to emerge in the coming days. Investors will be looking for fresh economic signals to guide their decisions.
Meanwhile, domestic silver prices moved lower on Thursday. The price of silver fell by Rs120 per tola to Rs6,368.
[…] Pakistan’s Foreign Reserves Rise to $26.8 Billion as Gold Prices Recover […]