KARACHI: Pakistan's foreign exchange reserves recorded a modest increase during the week ending June 5, 2026, as the State Bank of Pakistan (SBP) reported a $25 million rise in its deposits, bringing the total to $17.22 billion. Data released by the central bank on Thursday showed that the SBP's foreign exchange reserves stood at $17.215 billion as of June 5, compared with $17.190 billion a week earlier, indicating a slight improvement in the country's external account position.
Commercial Bank Reserves and Total Liquidity
The net foreign reserves held by commercial banks amounted to $5.457 billion. Consequently, the total liquid foreign reserves of the country reached $22.672 billion at the end of the reported week.
Rupee Gains Marginally Against US Dollar
Meanwhile, the Pakistani rupee appreciated by one paisa against the US dollar, settling at Rs278.35 in the inter-bank market, compared with Wednesday's close of Rs278.36. This marginal gain reflects stability in the currency market.
Gold Prices Continue Downward Trend
Gold prices in Pakistan extended their downward trajectory, despite a strong recovery in international markets. Local rates continued to adjust following recent volatility. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs9,720 to Rs432,716 in the domestic market.
International Gold Rebound
In contrast, international gold prices staged a strong rebound on Thursday. Spot gold rose 2% to $4,153.71 per ounce by 1800 GMT, after touching its lowest level since late November earlier in the trading session, according to Reuters. Adnan Agar, Director of Interactive Commodities, attributed the recovery in global bullion prices to easing concerns over a potential military escalation in the Middle East. This followed US President Donald Trump's decision to call off planned military strikes on Iran, which reduced fears of a broader conflict that could disrupt oil supplies, fuel inflationary pressures, and keep global interest rates elevated for longer.
