Karachi: Pakistan’s foreign exchange market is witnessing steady activity as major international currencies are trading against the rupee today. The US dollar is trading at Rs. 280.40 for buying and Rs. 282.30 for selling, continuing to dominate external trade payments. The British Pound is standing at Rs. 378.06 for buying and Rs. 382.32 for selling, reflecting its strong position in global markets.
Among Gulf currencies, the Omani riyal is trading at Rs. 726.76 for buying and Rs. 736.26 for selling. The UAE Dirham is moving at Rs. 76.30 for buying and Rs. 77.30 for selling, while the Saudi Riyal is exchanging at Rs. 74.75 for buying and Rs. 75.50 for selling. Meanwhile, the Canadian dollar is trading at Rs. 203.40 for buying and Rs. 206.90 for selling.
The US dollar is continuing to shape Pakistan’s import-driven economy. Oil shipments, machinery imports, and industrial raw materials are being paid in dollars, and the elevated exchange rate is increasing overall import costs. As fuel payments are rising, transportation expenses are also increasing, and consumer prices are adjusting accordingly.
The pound sterling is supporting textile and garment exports to the United Kingdom. As the pound is remaining strong, export receipts are converting into higher rupee earnings. However, manufacturers are also importing certain inputs, and rising global costs are balancing part of the gains.
Remittances from Gulf countries are flowing steadily. Workers in Saudi Arabia, the UAE, and Oman are sending funds home regularly. As the riyal and dirham are remaining firm, families in Pakistan are receiving stronger rupee conversions, supporting domestic consumption and retail markets.
The Canadian dollar is influencing overseas education payments and immigration-related transfers. Pakistani students studying in Canada are sending tuition payments abroad, and exchange rate movements are shaping financial planning for households.
Overall, currency movements are continuing to impact inflation, trade competitiveness, and foreign reserve management. Businesses and consumers are closely monitoring daily exchange rates as the rupee is responding to global economic trends.
