KARACHI: Pakistan’s open market witnessed general stability in the prices of various foreign currencies, including the US dollar, on April 17, 2025. According to the latest forex rates, the US dollar remained at Rs 280.75 and sales at Rs 282.25.
In the open market, the British pound was recorded at Rs 369.85 and Rs 373.35, while the euro was at Rs 318.25 and Rs 321.00. The Saudi riyal was bought at Rs 74.80 and is being sold at Rs 75.35, while the UAE dirham was bought at Rs 76.45 and sold at Rs 77.10.
In the forex market, the Canadian dollar was seen buying and selling at Rs 202.10 and Rs 204.50, while the Australian dollar was bought at Rs 178.25 and is selling at Rs 180.50. The Chinese yuan was bought at Rs 37.59 and sold at Rs 37.99, while the Japanese yen was bought at Rs 1.97 and sold at Rs 2.03.
According to experts, this stability in the currency market has been possible due to improvement in external payments, current account surplus, and increase in remittances. If the current monetary policies continue, the pressure on the rupee value is likely to reduce further.