In a propitious development for Pakistan's macroeconomic stability, the State Bank of Pakistan (SBP) reported a robust surge in its foreign exchange reserves, which escalated by $611 million during the week ended June 24, 2026.

This accretion elevates the central bank's reserves to $16.53 billion, primarily precipitated by substantial government inflows from multilateral institutions. The SBP's official communiqué underscores the nation's buttressed external position, signaling a renewed confidence among international creditors.

Comprehensive Reserve architecture

The aggregate liquid foreign reserves of Pakistan stood at a formidable $22.1 billion as of the reporting date. Within this fiscal edifice, the SBP maintained $16.5 billion, while commercial banks collectively held $5.5 billion. Concurrently, the Pakistani Rupee exhibited stability, closing at Rs278.15 against the US dollar, a marginal appreciation from the previous session's Rs278.16.

"During the week ended on 24-Jun-2026, SBP’s FX reserves increased by US$611 million to US$16.5 billion. The increase in SBP’s reserves is mainly due to GoP inflows from multilateral institutions."— State Bank of Pakistan (SBP)

Gold Market vicissitudes

In tandem with the currency developments, the domestic gold market experienced a paroxysm of activity, with prices surging by Rs9,100 per tola. This ascension was catalyzed by a global rally that gained momentum following the release of the US employment report.

Interactive Commodities' Director Adnan Agar observed that the US non-farm payroll and unemployment data heavily inclined the market in favor of the precious metal. Gold established a low of $4,030 and a high of $4,140, ultimately settling at $4,127.

"Now, there are chances that the maximum upside for gold could be between $4,200 and $4,250. After that, there is some chance that it may move downwards from there. So, for now, if you look at it, today (Thursday) looks positive."— Adnan Agar, Director at Interactive Commodities

Note: No official supporting social media post from the State Bank of Pakistan was found for this specific weekly reserve update. As an alternative, please refer to the original news article from The Express Tribune.