Karachi – Foreign exchange trading in Pakistan’s open market on Thursday is relatively balanced, with the Pakistani rupee showing stability against major international currencies.
According to the latest open market rates, the US dollar is trading at Rs 278.25 for buying and Rs 279.40 for selling. Financial experts say that limited changes in the dollar’s price indicate that a balance is being maintained between supply and demand in the local foreign exchange market.
The British pound is available at Rs 373.07 for buying and Rs 377.60 for selling, while the euro is trading at Rs 321.81 for buying and Rs 325.81 for selling. These figures indicate that the Pakistani rupee is moving in a relatively stable range against global currencies.
In the context of trade and remittances related to Gulf countries, the Saudi riyal is buying at Rs 74.13 and selling at Rs 74.75, while the UAE dirham is buying at Rs 75.75 and selling at Rs 76.75.
According to economic observers, the continuous flow of remittances from overseas Pakistanis and improvement in foreign exchange management are strengthening market confidence. Similarly, a gradual increase in business activities is also supporting the foreign exchange market.
Analysts say that if the current trend continues, the rupee can show a relatively balanced performance in the coming days, provided that there is no unusual pressure in the global financial markets.
| Flag | Code | Buying (PKR) | Selling (PKR) |
|---|---|---|---|
 | USD | 278.25 | 279.40 |
 | GBP | 373.07 | 377.60 |
 | AED | 75.75 | 76.75 |
 | CHF | 346.03 | 351.85 |
 | SEK | 30.27 | 30.57 |
 | SGD | 214.68 | 219.75 |
 | SAR | 74.13 | 74.75 |
 | QAR | 74.90 | 76.25 |
 | OMR | 719.22 | 730.32 |
 | NOK | 27.88 | 28.18 |
 | NZD | 159.99 | 164.95 |
 | MYR | 67.18 | 67.88 |
 | KWD | 885.78 | 895.99 |
 | THB | 8.50 | 8.70 |
 | JPY | 1.72 | 1.82 |
 | INR | 2.75 | 3.05 |
 | HKD | 35.01 | 36.01 |
 | EUR | 321.81 | 325.81 |
 | DKK | 43.39 | 43.79 |
 | CNY | 38.05 | 38.80 |
 | CAD | 198.08 | 203.65 |
 | BHD | 735.32 | 745.90 |
 | AUD | 194.24 | 199.65 |
