Karachi: The US dollar is continuing to remain under close observation in Pakistan’s currency market as import activity, external payments and overall economic conditions are influencing exchange rate movements across the country.
In the open market, the US dollar is being bought at Rs. 279.05 and sold at Rs. 279.70, while in the interbank market, the currency is being traded at Rs. 278.50 for buying and Rs. 279.00 for selling.
The dollar is continuing to play a central role in Pakistan’s economy because the country is relying heavily on imports, including petroleum products, industrial raw materials and machinery. A stable dollar rate is helping businesses estimate costs more accurately and is supporting commercial planning in the manufacturing and trade sectors.
The exchange rate is also affecting inflation trends because changes in the value of the dollar directly influence import costs, fuel prices and transportation expenses. Overseas remittances sent by Pakistanis working abroad are also contributing to foreign exchange stability and supporting the country’s external account position.
