Karachi: The British Pound Sterling closed the day at a high level against the Pakistani Rupee, maintaining its position among the strongest foreign currencies in the market.
In the interbank market, GBP settled at Rs. 373.06 (buying) and Rs. 373.72 (selling). In the open market, it closed higher at Rs. 372.38 (buying) and Rs. 380.98 (selling).
The strong Pound continued to benefit Pakistani exporters and overseas workers sending remittances from the United Kingdom.
At the same time, higher exchange rates increased the cost of imports, education, and services linked to the UK, placing additional financial pressure on consumers.
The closing trend reflected the broader strength of the Pound and its continued impact on Pakistan’s economic environment.