Karachi – The British Pound Sterling closed the day as one of the most robust performers against the Rupee. Final interbank market figures showed the GBP at a buying rate of Rs. 373.70 and a selling rate of Rs. 374.37. The open market felt more pressure, closing with a buying rate of Rs. 375.23 and a selling rate of Rs. 380.74.
The Pound’s strong finish today reflects ongoing demand for European trade settlements. For Pakistani exporters, especially those dealing in sports goods and textiles destined for the UK, these closing rates represent a significant opportunity to realise higher Rupee returns on their shipments. However, the higher selling price in the open market continues to be a concern for families financing overseas education and travel.
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