Karachi – The US Dollar is maintaining a steady trajectory in the Pakistani market as the new business week begins. In the interbank market, the US Dollar is trading at a buying rate of Rs. 278.90 and a selling rate of Rs. 279.40.
Meanwhile, the open market is reflecting slightly higher demand, with the American currency being bought at Rs. 279.00 and sold at Rs. 280.10. This relative stability is providing a much-needed breathing space for the national economy, which is currently navigating through a crucial phase of fiscal consolidation.
As the dollar remains the primary currency for international trade, its current price level is directly influencing the cost of essential imports like petroleum and machinery.
A stable dollar is helping in managing the trade deficit, ensuring that the country’s external debt obligations remain within manageable projections while supporting the ongoing industrial recovery.
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