Karachi – The Pakistani rupee traded lower against the Omani Riyal on Friday, with the Gulf currency remaining at elevated levels in both exchange segments.
In the open market, the Omani Riyal was quoted at Rs. 723.70 for buying and Rs. 733.90 for selling.
The elevated OMR rate carried direct significance for Pakistan’s economy because remittances from overseas Pakistanis working in Oman continued to support foreign exchange inflows and household consumption.
A stronger Omani Riyal also increased the rupee value of remittances received by families in Pakistan, supporting domestic spending and liquidity.
