Karachi – The Pakistani Rupee is showing relative stability against major foreign currencies in the interbank market, with the US Dollar trading at PKR 279 for buying and PKR 279.50 for selling, according to the latest update issued on 09 April.
The interbank market, which reflects transactions between commercial banks, is often considered a key indicator of currency strength and overall economic direction. The current rates suggest a steady trend in the rupee’s performance, despite ongoing external economic pressures.
Among other major currencies, the British Pound (GBP) remains strong, trading at PKR 373.70 for buying and PKR 374.37 for selling. The Euro (EUR) is also maintaining its position above PKR 325, indicating continued demand in global markets.
Meanwhile, Gulf currencies such as the Saudi Riyal (SAR) are trading at PKR 74.35 for buying and PKR 74.48 for selling, reflecting their stable peg with the US Dollar. These currencies are particularly important for Pakistan due to high remittance inflows from overseas workers in the Middle East.
Asian currencies like the Chinese Yuan (CNY) and Japanese Yen (JPY) are trading at comparatively lower levels, with minor fluctuations. The Canadian Dollar (CAD) and Australian Dollar (AUD) are also showing stable movement in line with global commodity trends.
Interbank exchange rates are primarily influenced by supply and demand between financial institutions, foreign reserves, import-export activity, and international market conditions. Unlike open market rates, interbank rates are used for large-scale transactions such as trade settlements and government dealings.
Despite the current stability, experts believe that the rupee’s outlook will depend on external financing, inflation trends, and policy decisions in the coming weeks.
| Flag | Code | Buying | Selling |
|---|---|---|---|
 | USD | PKR 279.00 | PKR 279.50 |
 | GBP | PKR 373.70 | PKR 374.37 |
 | CHF | PKR 352.81 | PKR 353.44 |
 | SEK | PKR 29.93 | PKR 29.98 |
 | SGD | PKR 218.86 | PKR 219.26 |
 | SAR | PKR 74.35 | PKR 74.48 |
 | JPY | PKR 1.7575 | PKR 1.7606 |
 | HKD | PKR 35.61 | PKR 35.68 |
 | EUR | PKR 325.42 | PKR 326.01 |
 | DKK | PKR 43.55 | PKR 43.63 |
 | CNY | PKR 40.82 | PKR 40.89 |
 | CAD | PKR 201.47 | PKR 201.83 |
 | AUD | PKR 196.42 | PKR 196.77 |
