Karachi:
Foreign exchange reserves organized by the State Bank of Pakistan (SBP) fell by 7 127 million to $ 10.6 billion during the week ended April 11, 2025, mainly due to external debt payments.
According to the latest data released by the Central Bank, the country’s total liquid foreign reserves have been $ 15.6 billion by April 11. This total SBP has $ 10.6 billion and commercial banks have $ 5.1 billion.
On the other hand, Pakistan’s real effective exchange rate (Reer), which, adjusted for inflation, evaluates the value of the currency against a basket of foreign currencies, in March 2025, a revised 102.25 to 101.62, according to data released on Thursday.
Reading above 100 identifies export competition and relatively cheaper imports, while reading below 100 shows the opposite. The latest data shows a decrease of 0.62 % in a month to a month in March and a 2.38 % reduction compared to the same month last year, when Rear stood at 104.1.
In addition, on Thursday, the Pakistani rupee recorded a slight deportation against the US dollar, which reduced the interbank market by 0.06 percent. By the end of the trading session, the rupee closed at 280.62, despite a decline of 16 paise at the closing rate of 280.46 last day, though on the global front, the US dollar was on track for its fourth weekly decline, because tariff concerns threatened investors from US assets.
However, the dollar was slightly fine from the lowest level of seven months against the Japanese yen, so far avoiding any attention to currency issues with US Japan’s trade debate.
Meanwhile, gold prices continued its trend on Thursday, and reached a new time in Pakistan. According to the All Pakistan Johrrats and Jewelers Surfa Association (APG JSA), in the local market, the price of the tola increased by Rs 2,000, which targeted the historic level of Rs 350,000 for the first time.
After that, after the rapid increase on Wednesday, gold prices increased by Rs 8,600 in the same day to reach a record of Rs 348,000 in the then tola. On the global front, gold prices also increased on Thursday, APG JSA reported the international rate 3,329 per ounce, which increased by $ 19 a day.
The director of Aden Egg Interactive Commons said that gold prices rose about $ 3,350 an ounce in the early today, before the market saw some profit. After the peak, the prices were about $ 3,285, but the recovery has been shown since then, which is currently shaking from $ 3,305 to 3,310.
The above speed stimulates the booking of profits among the traders, which makes it speculated that the market can witness a further reduction. Analysts suggest that gold prices may fall at $ 3,250 or even $ 3,230 if sales pressure is underway.
After the closure of international markets in the witnesses of Good Friday, it is expected that trade activity will end in Syria. The Gold Futures Market is now resumed on Monday, which is expected to be a transient movement.
