Karachi – The Pakistani Rupee continues to face pressure against the US Dollar as the country navigates a complex balance of payments situation. In the inter-bank market, the USD was recorded at a buying rate of Rs. 278.90 and a selling rate of Rs. 279.40. Meanwhile, the open market showed a slightly wider gap, with the greenback being bought at Rs. 279.00 and sold at Rs. 280.05.
The stability of the dollar is a double-edged sword for Pakistan. While a steady rate prevents a sudden spike in the cost of imported fuel and machinery, the current levels keep the cost of external debt servicing high. As the primary currency for international trade, any fluctuation in the USD-PKR parity immediately impacts the inflation index, affecting everything from daily commodities to industrial raw materials.
