Overview
- State Bank of Pakistan reserves rose by $21 million to $14.4004 billion for the week ended September 26, lifting total liquid reserves to $19.7967 billion with commercial banks at $5.396 billion.
- The Pakistani rupee inched up 0.01% to 281.27 in the interbank market, with year‑to‑date depreciation at 0.97% and fiscal‑year‑to‑date appreciation at 0.89%, according to market data.
- India’s gold reserves increased by $2.238 billion to $95.017 billion in the same week, while overall foreign‑exchange reserves stood at $700.236 billion, near record levels.
- RBI data show the weekly decline in foreign currency assets to about $581.757 billion offset the gold gain, leaving total reserves lower than the prior week’s $702.57 billion.
- This week’s modest move in Pakistan follows earlier 2025 swings tied to debt repayments and loan inflows, whereas India’s change reflects valuation effects and reserve composition dynamics.