Pakistan’s foreign exchange reserves registered a slight increase on a weekly basis, while the State Bank of Pakistan (SBP) injected a significant amount of liquidity into the financial market using Open Market Operations (OMOs). Additionally, domestic gold prices fell, and the Pakistani Rupee (PKR) recorded a marginal gain against the US Dollar.
Foreign Exchange Reserves Show Modest Increase
According to figures released by the State Bank of Pakistan (SBP) on Thursday, the central bank’s foreign exchange reserves saw a modest week-on-week increase of $27 million for the week ending November 14, 2025. This minor gain raised the SBP’s holdings to $14.551 billion.
The country’s total liquid foreign exchange reserves stood at $19.738 billion, which includes net reserves of $5.187 billion held by commercial banks.
The State Bank injected a cumulative liquidity of over PKR 645 billion into the money market on Thursday through both conventional and Shariah-compliant Open Market Operations.
In a one-day Reverse Repo (liquidity injection) operation, the SBP accepted all bids from banks, totalling PKR 512.6 billion, at a rate of return of 11.10%.
The central bank also conducted a Mudarabah-based, Shariah-compliant OMO for Islamic banking institutions, injecting PKR 132.5 billion at a rate of return of 11.08%.
Gold Prices Fall as Rupee Strengthens Slightly
Gold prices in Pakistan declined, reflecting cautious investor sentiment following robust US jobs data in the international market. The All Pakistan Gems and Jewellers Sarafa Association reported that the price of gold per tola in the local market dropped by PKR 5,000, closing at PKR 426,562. Similarly, the price for 10-gram gold fell by PKR 4,286 to PKR 365,708.
Adnan Agar, Director of Interactive Commodities, told Express News that gold is trading internationally around $4,090, with the current trend being slightly bearish. He identified key support levels at $4,000–$4,020 and resistance at $4,155.
In the interbank market, the Pakistani Rupee posted a minor appreciation of PKR 0.01 against the US Dollar, closing at 280.66.
