Karachi: The Oman Riyal is continuing to maintain strong value against the Pakistani Rupee amid heightened uncertainty in Gulf financial markets linked to ongoing regional conflict.
In Pakistan’s open market, the Oman Riyal is being bought at Rs. 722.05 and sold at Rs. 732.85. While interbank activity for OMR remains limited, banking channels are reflecting firm demand due to trade and remittance connections with Gulf economies.
Economic analysts are observing that Gulf currencies are remaining relatively stable because oil-exporting economies are benefiting from elevated crude prices triggered by geopolitical tensions involving Iran, Israel and the United States. Pakistan, however, is facing growing pressure due to higher fuel import costs and external financing risks.
