Karachi – The Pakistani rupee remained broadly stable against the US dollar on Friday as the greenback continued to trade close to the Rs. 280 mark in both the open market and interbank market.
In the open market, the US dollar was quoted at Rs. 278.95 for buying and Rs. 280.05 for selling. Meanwhile, in the interbank market, the dollar was recorded at Rs. 279.00 for buying and Rs. 279.50 for selling.
The narrow gap between open market and interbank rates reflected relative stability in Pakistan’s external payment environment during the trading session.
The dollar’s position remained highly significant for Pakistan’s economy as it directly affected import payments, petroleum pricing, industrial raw materials, and debt servicing obligations. Since a large share of Pakistan’s trade settlements is conducted in US dollars, even minor movement in the exchange rate had implications for inflation and external trade costs.
The steady rate also carried importance for export-oriented sectors, as currency parity continued to influence textile receipts, agricultural exports, and foreign remittance conversions into rupees.
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