Forex

PKR Holds Ground as USD, SAR, OMR, CAD, GBP and AED Trade Steadily in Open Market

Pakistan’s open market is showing a stable pattern today as uninterrupted remittances from overseas Pakistanis are helping the rupee maintain balance against major international currencies. The steady inflow of foreign funds is easing pressure and keeping exchange rates within a narrow range.

The US Dollar is currently being exchanged at Rs. 281 for buying and Rs. 283.25 for selling. Regular inflows from Pakistani workers and students living in the United States are keeping the dollar rate steady.

The Saudi Riyal is trading at Rs. 74.85 (buying) and Rs. 75.45 (selling). With a large Pakistani workforce in the Kingdom, continuous remittances are supporting market stability and household spending in Pakistan.

At the same time, the UAE Dirham is standing at Rs. 76.5 (buying) and Rs. 77.25 (selling). Strong financial support from Pakistanis working in the UAE is keeping demand and supply well balanced.

The Omani Riyal is moving at Rs. 728.25 (buying) and Rs. 738.25 (selling). Pakistani workers in Oman are continuing to send consistent funds, which is positively impacting local purchasing power.

From Canada, the Canadian Dollar is trading at Rs. 202 (buying) and Rs. 204.5 (selling). Pakistani professionals and students are maintaining steady remittance flows, contributing to market calmness.

Meanwhile, the UK Pound Sterling is being exchanged at Rs. 375.25 (buying) and Rs. 378.5 (selling). The United Kingdom remains one of Pakistan’s key remittance sources, helping strengthen the rupee’s position.

Overall, Pakistan’s currency market is continuing to stay stable as overseas workers remain a crucial support system for the national economy, ensuring a smooth flow of foreign exchange.

Business Desk

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