Karachi: The British Pound is continuing to hold firm against the Pakistani Rupee as investors globally remain focused on geopolitical uncertainty and energy market volatility linked to Middle East tensions.
In the open market, the British Pound is being bought at Rs. 372.17 and sold at Rs. 377.30. In the interbank market, the Pound Sterling is trading at Rs. 372.47 for buying and Rs. 373.13 for selling.
Economic observers are noting that global investors are increasingly moving toward stronger international currencies amid fears of prolonged conflict involving Iran, Israel and the United States. The resulting rise in oil prices and shipping risks is creating additional economic stress for import-dependent economies such as Pakistan.
Experts believe Pakistan’s currency market may remain sensitive in coming weeks as geopolitical developments continue influencing investor sentiment, inflation expectations and external account stability
