KARACHI: Pakistan’s open currency market remained largely stable as the inflow of remittances from overseas Pakistanis continued to support the rupee. Demand and supply stayed balanced throughout the day, helping key foreign currencies trade without sharp movements.
The US dollar was trading at Rs. 281.05 for buying and Rs. 283.30 for selling, reflecting steady demand from importers while remittances from Pakistani workers and students in the United States helped prevent sudden pressure on the rupee.
The Saudi Riyal also maintained a stable position at Rs. 74.80 (buying) and Rs. 75.40 (selling). Remittances from Pakistani workers in Saudi Arabia continued flowing regularly, supporting household expenses and easing pressure on foreign exchange needs.
The UAE Dirham was exchanging at Rs. 76.40 for buying and Rs. 77.05 for selling. With a large Pakistani community working across the UAE, steady monthly transfers helped keep the currency market calm.
The Omani Riyal, one of the higher-value Gulf currencies, traded at Rs. 728 for buying and Rs. 738 for selling. Earnings sent home by Pakistanis working in Oman continued contributing to financial stability for many families.
The Canadian Dollar stood at Rs. 201.50 (buying) and Rs. 204 (selling), supported by inflows from Pakistani professionals and students based in Canada.
Meanwhile, the British Pound was recorded at Rs. 375 for buying and Rs. 378 for selling, as the UK remained one of Pakistan’s strongest remittance corridors.
Overall, steady overseas inflows played a key role in keeping Pakistan’s open market stable during the trading session.
