Karachi: The Omani riyal is continuing to maintain strong value against the Pakistani rupee as overseas employment and remittance inflows from Oman remain important for Pakistan’s economy.
In the open market, the Omani riyal is being bought at Rs 722.05 and sold at Rs 732.85. Although the market activity linked to Gulf remittances is continuing to keep demand stable across Pakistan.
The strength of the Omani riyal is supporting thousands of Pakistani families receiving remittances from workers employed in Oman. Higher remittance inflows are helping improve household spending and are contributing to Pakistan’s foreign exchange reserves.
Trade links between Pakistan and Gulf countries are also continuing to support economic activity, especially in sectors connected to manpower exports, construction services and consumer imports. Currency stability in Gulf markets is helping Pakistan manage external financial pressures more effectively.
