Overview
- State Bank of Pakistan data for the week ended Oct. 23, 2026 show central-bank foreign exchange reserves rose by $33 million to $21.52 billion.
- Including commercial banks’ net holdings of $5.23 billion, Pakistan’s total liquid foreign exchange reserves stood at $26.75 billion for the same week.
- The Pakistani rupee was effectively unchanged, closing at 276.76 against the U.S. dollar, reflecting limited near-term currency volatility after the reserve update.
- Local gold prices held steady at Rs425,636 per tola while silver fell to Rs5,768 per tola, mirroring a drop in international spot gold to $4,024.10 and lower futures.
- Traders priced roughly an 83% chance of a Fed rate rise in December after stronger U.S. inflation, and the stronger dollar has raised the cost of dollar-priced gold for holders of other currencies.