Karachi— The Pakistan open market witnessed notable fluctuations in foreign exchange rates today, with the US Dollar (USD) holding steady against the Pakistani Rupee (PKR). As of 9:24 PM (PST), the USD was trading at a buying rate of PKR 280.00 and a selling rate of PKR 281.50, reflecting a stable trend compared to previous days.
The Euro (EUR) and UK Pound Sterling (GBP) also remained strong, with the Euro trading at PKR 293.25 (buying) and PKR 296.00 (selling), while the Pound Sterling stood at PKR 353.50 (buying) and PKR 357.00 (selling). These rates indicate a slight uptick in demand for European currencies in the local market.
Among Asian currencies, the Chinese Yuan (CNY) and Japanese Yen (JPY) showed minor movements. The Yuan was traded at PKR 37.59 (buying) and PKR 37.99 (selling), while the Yen hovered at PKR 1.88 (buying) and PKR 1.94 (selling). Meanwhile, Gulf currencies like the Saudi Riyal (SAR) and UAE Dirham (AED) maintained their positions, with the Riyal at PKR 74.30 (buying) and PKR 74.85 (selling), and the Dirham at PKR 75.95 (buying) and PKR 76.60 (selling).
The Australian Dollar (AUD) and Canadian Dollar (CAD) also saw moderate activity, with the AUD trading at PKR 177.50 (buying) and PKR 179.75 (selling), and the CAD at PKR 195.60 (buying) and PKR 198.00 (selling).
