Overview

• The rupee closed the week at 281.46 in the inter-bank market, up Re0.09 or 0.03% from 281.55 a week earlier, according to SBP data.
• Pakistan’s current account recorded a USD245 million deficit in August 2025, narrowing from a revised USD379 million deficit in July.
• SBP-held foreign exchange reserves stood at USD14.36 billion as of September 12, up USD21 million week over week, with total liquid reserves at USD19.74 billion and commercial-bank net FX at USD5.38 billion.
• Pakistan’s REER edged to 100.10 in August from 100.01 in July, indicating a slight change in external price competitiveness.
• Retail market quotes on September 22 placed the US dollar around Rs282.45 (buying) and Rs282.85 (selling), with broader open-market rates described as largely stable.