Karachi: The Canadian dollar is continuing to trade at firm levels against the Pakistani rupee as international trade activity and overseas remittance inflows remain important for Pakistan’s financial sector.
In the open market, the Canadian dollar is being bought at Rs. 201.53 and sold at Rs. 205.46, while the interbank market is recording buying at Rs. 202.70 and selling at Rs. 203.06.
Pakistan’s growing economic connections with Canada are continuing to support trade, education and overseas employment opportunities. Currency movement in the Canadian dollar is influencing educational expenses, import payments and international financial transactions involving Pakistani businesses and students.
Remittances from overseas Pakistanis living in Canada are also contributing to foreign exchange inflows, helping stabilise Pakistan’s external financial position and supporting domestic consumption activity.
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