Karachi: The Canadian Dollar is continuing to trade cautiously against the Pakistani Rupee as global financial markets react to uncertainty surrounding Middle East tensions and rising commodity prices.
In Pakistan’s open market, the Canadian Dollar is being bought at Rs. 201.53 and sold at Rs. 205.46. In the interbank market, the currency is trading at Rs. 202.70 for buying and Rs. 203.06 for selling.
Economic observers are saying that commodity-linked currencies such as the Canadian Dollar are gaining support from rising global oil prices.
Meanwhile, emerging economies including Pakistan are facing increasing fiscal and inflationary risks due to expensive energy imports and volatile external markets.
Analysts believe Pakistan’s economic recovery could slow if regional conflict continues disrupting global trade routes and investor confidence, especially as external financing requirements remain elevated.
