SBP's forex reserves rise $16m to $21.47b

The State Bank of Pakistan's foreign exchange reserves climbed $16 million to $21.47 billion for the period ending October 9, 2026, according to central bank data published on Thursday, as The Express Tribune reported. The SBP's holdings reached $21.469 billion, up from $21.454 billion a week earlier. Overall liquid foreign currency holdings, counting those of commercial banks, totalled $26.863 billion, while the net reserves of commercial banks stood at $5.394 billion.

The rupee strengthened by Rs0.03 against the dollar in the inter-bank market, closing at 276.92 compared with 276.95 on Wednesday. Gold rates in Pakistan were unchanged, with the tola price at Rs437,836 and the 10-gram price at Rs375,373, according to the All-Pakistan Gems and Jewellers Sarafa Association. Internationally, spot gold climbed 1.1% to $4,149 an ounce, according to Reuters, recovering from a one-week low, while local silver fell Rs212 to Rs6,148 per tola.

Bullion was lifted by a softer greenback and lower Treasury yields, while stronger-than-anticipated US Producer Price Index numbers clouded the monetary policy outlook. Local rates did not track the international rebound, a gap the report said reflected diverging trends in the country's precious metals segment. Attention also remained on comments from Federal Reserve Chair Kevin Warsh.