KARACHI: Pakistan’s open market is witnessing a relatively stable trend today as major foreign currencies are trading within a narrow range. Continuous remittances from overseas Pakistanis are playing a key role in keeping the rupee balanced despite global economic pressure.
The US Dollar is trading at Rs. 281 buying and Rs. 283.1 selling. Dollar inflows from Pakistani professionals and students in the United States are continuing to support market liquidity.
The Saudi Riyal, a vital currency for Pakistan, is moving at Rs. 74.8 buying and Rs. 75.3 selling. Millions of Pakistani workers in Saudi Arabia are regularly sending money home, helping families manage daily expenses.
The UAE Dirham is currently standing at Rs. 76.5 buying and Rs. 77.25 selling, supported by steady remittances from Dubai, Abu Dhabi and Sharjah.
Meanwhile, the Omani Riyal is trading at Rs. 728.15 buying and Rs. 738.15 selling, reflecting consistent inflows from Pakistani workers employed in Oman’s industrial and services sectors.
The Canadian Dollar is being exchanged at Rs. 202 buying and Rs. 204.75 selling, as Pakistani immigrants and students in Canada continue sending funds back home.
The British Pound remains strong at Rs. 376 buying and Rs. 380 selling, with the UK staying among Pakistan’s top remittance sources.
Overall, the steady flow of foreign income is helping Pakistan’s currency market remain calm and predictable.
