Pakistan’s foreign exchange reserves recorded a slight increase for the week ending September 5, 2025. The State Bank of Pakistan (SBP) reported a $34 million rise, bringing its total reserves to $14.3 billion. The country’s overall liquid foreign reserves now stand at $19.7 billion, with commercial banks holding $5.3 billion.
During the same week, the Pakistani rupee continued its impressive upward momentum against the US dollar in the inter-bank market. The local currency improved by 0.01%, closing at 281.56—marking its 25th consecutive session of gains and underscoring steady market confidence.
Meanwhile, gold prices in Pakistan declined, tracking global trends. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold per tola decreased by Rs4,100 to settle at Rs384,000. The 10-gram rate dropped by Rs3,515 to Rs329,218, reversing the previous day’s record highs.
Total liquid foreign #reserves held by the country stood at US$19.68 billion as of September 05, 2025.
For details: https://t.co/WpSgomnd3v
#SBPReserves pic.twitter.com/wtYEAza99k
— SBP (@StateBank_Pak) September 11, 2025International gold prices hovered near peak levels. Spot gold consolidated at $3,632.99 per ounce after reaching an all-time high of $3,673.95 earlier in the week. Weak US jobs data and expectations of a potential rate cut by the Federal Reserve next week continue to drive the market. December US gold futures slipped by 0.3% to $3,671.50.
Market experts note the local bullion market will likely continue to follow international cues. Adnan Agar, Director at Interactive Commodities, commented that “[t]he market is going through a consolidation phase after a strong rally.” He expects short-term corrections, with potential support between $3,550 and $3,580 before the next move.
Read: FBR Unveils Ambitious Plan to Hike Pakistan’s Tax-to-GDP Ratio to 18%
Analysts agree domestic gold prices will remain volatile until after the Fed’s policy meeting provides fresh direction. They also highlight the impact of rupee-dollar parity and import dynamics on Pakistani gold price swings. For now, the outlook remains cautious as traders watch for clear policy signals.
