Karachi: The Canadian dollar is currently trading at Rs. 204.42 buying and Rs. 207.95 selling. Pakistani professionals and students in Canada are sending remittances that are contributing to foreign exchange reserves.
As the buying rate remains above Rs. 200, remittance value is supporting families in Pakistan. Education payments and immigration-related transfers are also influencing demand.
Trade relations with Canada are continuing in agriculture and textile exports. The CAD rate is reflecting global commodity market movements, while Pakistan’s rupee is adjusting accordingly.
