Karachi – The latest foreign currency rates were released in Pakistan’s open market on Friday, according to which the US dollar was trading at Rs 278.45 for buying and Rs 279.35 for selling.
According to market data, the Pakistani rupee showed relative stability despite the ongoing uncertainty in global financial markets. The British pound was available at Rs 373.92 for buying and Rs 378.90 for selling, while the euro was available at Rs 322.43 for buying and Rs 328.45 for selling.
In the context of remittances from Gulf countries, special attention is being paid to the prices of Saudi riyal and UAE dirham. Saudi riyal was recorded at Rs 74.20 for buying and Rs 74.80 for selling, while UAE dirham was recorded at Rs 75.80 for buying and Rs 76.80 for selling.
According to economists, the stability in the currency market is being considered a positive signal for Pakistan’s external sector, import costs and investor confidence. They say that remittances, exports and foreign exchange reserves are the main factors affecting the performance of the rupee.
On the other hand, the Kuwaiti dinar remained at Rs 886.85 for buying and Rs 896.99 for selling, which is among the most valued currencies in the open market. The high level of the Omani Rial and the Bahraini Dinar also highlights the importance of Pakistan’s economic ties with the Middle East.
Financial circles are keeping a close eye on global interest rates, oil prices and international trade activities in the coming days as these factors could play a significant role in determining the direction of the local currency market.
| Flag | Code | Buying (PKR) | Selling (PKR) |
|---|---|---|---|
 | USD | 278.45 | 279.35 |
 | GBP | 373.92 | 378.90 |
 | AED | 75.80 | 76.80 |
 | CHF | 346.94 | 351.95 |
 | SEK | 30.27 | 30.57 |
 | SGD | 214.65 | 219.64 |
 | SAR | 74.20 | 74.80 |
 | QAR | 75.04 | 76.35 |
 | OMR | 722.00 | 732.32 |
 | NOK | 27.88 | 28.18 |
 | NZD | 160.15 | 164.88 |
 | MYR | 67.05 | 67.90 |
 | KWD | 886.85 | 896.99 |
 | THB | 8.45 | 8.65 |
 | JPY | 1.7114 | 1.8161 |
 | INR | 2.80 | 3.10 |
 | HKD | 35.01 | 36.01 |
 | EUR | 322.43 | 328.45 |
 | DKK | 43.39 | 43.79 |
 | CNY | 38.05 | 38.80 |
 | CAD | 197.57 | 207.05 |
 | BHD | 736.75 | 747.85 |
 | AUD | 193.79 | 198.75 |
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