Pakistan’s open market witnessed a calm trading session as foreign currency rates stayed within a narrow range, supported by continued remittances from overseas Pakistanis working across North America, Europe, and the Gulf region.
The US dollar was seen trading at Rs. 281.05 on the buying side and Rs. 283.30 on the selling side, with stable inflows helping offset routine demand.
The Saudi Riyal was recorded at Rs. 74.80 for buying and Rs. 75.40 for selling, reflecting the importance of remittances from Pakistani workers employed across Saudi cities.
The UAE Dirham traded at Rs. 76.40 (buying) and Rs. 77.05 (selling), supported by consistent inflows from Pakistanis working in Dubai, Abu Dhabi, and Sharjah.
The Omani Riyal was exchanging at Rs. 728 for buying and Rs. 738 for selling, as workers in Oman continued sending funds to support families back home.
The Canadian Dollar remained steady at Rs. 201.50 for buying and Rs. 204 for selling, while remittances from Pakistani immigrants and students helped maintain balance.
The British Pound also showed stability at Rs. 375 (buying) and Rs. 378 (selling), with the UK continuing to rank among Pakistan’s major remittance sources.
Overall, the consistent flow of overseas earnings helped the rupee avoid sharp swings in the open market.
