The Pakistani rupee experienced fluctuating demand in the open market as exchange rates were recorded against key global currencies used by traders, travelers, and overseas workers.
The US dollar was exchanged at Rs 281 buying and Rs 283 selling, remaining the most closely watched currency due to its impact on imports and fuel prices.
The Saudi riyal, vital for remittance inflows, traded at Rs 74.8 buying and Rs 75.45 selling, while the UAE dirham stood at Rs 76.45 buying and Rs 77.40 selling, supporting financial planning for Gulf-based Pakistani workers.
The Omani riyal remained among the highest-valued currencies at Rs 727.75 buying and Rs 737.75 selling, benefiting skilled Pakistani workers in Oman.
The Canadian dollar was noted at Rs 203.55 buying and Rs 207.55 selling, affecting overseas education and immigration costs. Meanwhile, the UK pound sterling traded at Rs 378.75 buying and Rs 382.75 selling, reflecting sustained demand from students and expatriates.
Overall, the open market rates reflected a cautious but steady environment shaped by global economic trends and Pakistan’s remittance-dependent economy.
Pakistani Rupee Faced Pressure in Open Market Trading Against Major Foreign Currencies
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