The State Bank of Pakistan (SBP) has reported a slight increase in foreign exchange reserves, which rose by $6 million to reach $16.38 billion for the week ending March 27, 2026.
According to official data, Pakistan’s total liquid foreign reserves now stand at $21.79 billion. Out of this, $16.38 billion is held by the central bank, while $5.41 billion is maintained by commercial banks.
In the currency market, the Pakistani rupee showed a marginal improvement against the US dollar. It closed at 279.11 in the inter-bank market, reflecting a slight gain compared to the previous session.
Globally, the US dollar strengthened due to rising geopolitical tensions, particularly following statements by Donald Trump regarding continued military action against Iran. This increased demand for safe-haven assets and pushed the dollar index higher.
Meanwhile, gold and silver prices experienced a notable decline in both local and international markets. In Pakistan, gold prices dropped significantly after a recent surge, with the per tola rate falling sharply. Internationally, bullion prices also came under pressure due to a stronger dollar and rising oil prices.
Silver prices followed a similar trend, declining in line with global market movements. Analysts suggest that higher interest rate expectations and a stronger dollar have reduced the appeal of non-yielding assets like gold.
These developments reflect ongoing volatility in global financial markets, influenced by geopolitical tensions, energy prices, and currency fluctuations, all of which continue to impact Pakistan’s economy.
