Karachi – The Pakistani rupee is remaining largely stable against major international currencies at the start of the trading week as foreign exchange activity continues within a limited range amid steady remittance inflows and cautious market sentiment.
Currency dealers say the market is showing relative calm as demand for foreign exchange remains balanced despite continued uncertainty in global financial markets. Analysts believe the current trend is providing short-term support to the economy, although structural external pressures continue to persist.
The US dollar is maintaining a stable position in both interbank and open market trading. Economists say exchange rate stability remains important for Pakistan because of the country’s dependence on imported fuel, industrial raw materials and external debt repayments.
They add that a stable dollar helps contain imported inflation and offers businesses greater predictability in pricing and trade activity.
The British pound is also holding firm against the rupee as remittances from the United Kingdom continue contributing to household incomes across Pakistan. Financial analysts note that inflows from overseas Pakistanis remain an important source of foreign exchange for the country.
Meanwhile, the UAE dirham and Saudi riyal are showing limited fluctuations due to their close linkage with the US dollar. Saudi Arabia and the United Arab Emirates continue to rank among Pakistan’s largest remittance sources, with millions of Pakistani workers employed in the Gulf region.
Analysts say the stability of Gulf currencies is helping maintain consistent inflows which are supporting domestic consumption and easing pressure on the external account.
The Canadian dollar and Australian dollar are also attracting greater relevance in Pakistan’s foreign exchange market as migration education and skilled employment trends strengthen financial ties with both countries.
Experts believe growing overseas communities in Canada and Australia are gradually expanding remittance channels and increasing foreign currency activity linked to student and immigration-related payments.
Despite the current stability, economists caution that Pakistan’s external sector remains vulnerable to global commodity prices, financing needs and trade imbalances. They stress that long-term exchange rate stability will depend on stronger exports, sustainable foreign investment and continued remittance growth.
Exchange Rates
- US Dollar
- Interbank: Buying PKR 278.40, Selling PKR 278.90
- Open Market: Buying PKR 278.90, Selling PKR 279.55
- British Pound
- Interbank: Buying PKR 375.19, Selling PKR 375.86
- Open Market: Buying PKR 372.91, Selling PKR 378.10
- UAE Dirham
- Interbank: Buying PKR 75.81, Selling PKR 75.94
- Open Market: Buying PKR 75.75 Selling PKR 76.80
- Saudi Riyal
- Interbank: Buying PKR 74.19, Selling PKR 74.32
- Open Market: Buying PKR 73.95, Selling PKR 74.80
- Canadian Dollar
- Interbank: Buying PKR 201.62 Selling PKR 201.98
- Open Market: Buying PKR 200.71, Selling PKR 205.65
- Australian Dollar
- Interbank: Buying PKR 198.86, Selling PKR 199.74
- Open Market: Buying PKR 196.82, Selling PKR 202.68
