Karachi: Major foreign currencies including the US dollar, Saudi riyal, Omani riyal, UAE dirham, British pound and Canadian dollar remained firm in Pakistan’s open market, offering stability to overseas Pakistanis and local businesses.
The US dollar was bought at Rs 280.65 and sold at Rs 282.75, continuing to guide Pakistan’s import payments and international trade calculations. Importers were closely monitoring the greenback as it directly affected fuel, food, and industrial raw material prices.
The Saudi riyal was recorded at Rs 74.90 for buying and Rs 75.30 for selling, while the UAE dirham stood at Rs 76.60 and Rs 77.20 respectively. These two Gulf currencies remained extremely important for Pakistan due to the large number of Pakistani workers employed in Saudi Arabia and the United Arab Emirates.
Remittances from Gulf countries continued to support millions of Pakistani families, helping them manage daily household expenses, education fees, medical costs, and small business investments.
Meanwhile, the Omani riyal stayed strong at Rs 728.60 buying and Rs 738.60 selling, providing higher rupee value to families receiving money from Oman. Workers in Oman were contributing significantly to Pakistan’s foreign exchange inflows.
The British pound sterling was bought at Rs 375.50 and sold at Rs 379, maintaining its position as one of the strongest foreign currencies in Pakistan. Pakistani students, professionals, and workers in the UK were sending regular funds to support families back home.
At the same time, the Canadian dollar was traded at Rs 201 buying and Rs 206 selling, offering stable returns for Pakistani communities living in Canada.
Financial observers believed that the steady performance of these major currencies helped Pakistan maintain short-term exchange market confidence. Families relying on overseas income felt some relief as rates remained predictable.
The overall trend showed that remittances from North America, Europe, and the Middle East continued to play a vital role in strengthening Pakistan’s economic support system, even as global economic pressures remained.
Dollar, Riyal, Dirham, Pound and Canadian Dollar Stayed Firm in Pakistan Open Market
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