KARACHI: The Pakistani rupee is currently trading against major international currencies in the open market as global economic developments are continuing to influence financial markets.
| Currency | Buying Rate | Selling Rate |
|---|---|---|
| US Dollar | Rs. 279.05 | Rs. 280.40 |
| UK Pound | Rs. 374.83 | Rs. 378.25 |
| UAE Dirham | Rs. 75.75 | Rs. 77.00 |
| Saudi Riyal | Rs. 73.80 | Rs. 74.80 |
| Canadian Dollar | Rs. 201.60 | Rs. 205.25 |
| Omani Rial | Rs. 718.50 | Rs. 728.60 |
The US dollar continues to remain the most influential foreign currency for Pakistan because the country is importing fuel, machinery and raw materials in dollars.
The British Pound is also maintaining strong value due to economic connections and remittance inflows from Pakistanis living in the United Kingdom.
Similarly, the UAE dirham and Saudi riyal are playing a significant role in Pakistan’s economy due to strong labour migration and trade partnerships with Gulf countries.
The Canadian dollar and Omani rial are also contributing to financial flows between Pakistan and overseas Pakistani communities.
Currency exchange movements are continuing to shape Pakistan’s economic environment by influencing import costs, remittance inflows and the country’s trade balance.
