Pakistan's FX improves by $9m, rupee, gold dip

Reserves stand at $15.25b, bullion down Rs1,300/tola, rupee sheds 9 paisa

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KARACHI:

Pakistan's foreign exchange reserves improved, as the State Bank of Pakistan (SBP) reported a modest increase of $9 million during the week ended April 25, 2025, pushing its holdings to $10.21 billion.

The country's total liquid foreign reserves now stand at $15.25 billion, reflecting a steady position in external financial buffers.

Meanwhile, the Pakistani rupee experienced a slight decline against the US dollar, depreciating by 0.03% in Friday's interbank market trading. By the end of the session, the local currency stood at 281.06 per US dollar.

On Wednesday, the rupee had closed at 280.97. The currency market was closed on Thursday due to the Labour Day holiday.

Globally, the US dollar was on track for its third consecutive weekly gain, supported by positive developments in talks between Washington and some of its trading partners, as well as stronger-than-expected economic data that helped ease concerns about investment in the US economy.

Moreover, gold prices in Pakistan fell on Friday, mirroring a drop in the international market. Domestically, the price of gold per tola decreased by Rs1,300, settling at Rs344,500. Likewise, the price for 10 grams of gold dropped by Rs1,114 to Rs295,353, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).