Pakistan’s open market witnessed a largely stable trend in major foreign currencies on the day, as consistent remittances from overseas Pakistanis continued to support the rupee. Demand from households relying on foreign income remained steady, helping the market avoid sharp fluctuations.
The US Dollar traded at Rs 281 (buying) and Rs 283.1 (selling), reflecting balanced demand. Dollar inflows from Pakistani workers and students in the United States helped keep the exchange rate within a narrow range.
In the Gulf region, the Saudi Riyal stood at Rs 74.85 for buying and Rs 75.35 for selling. With millions of Pakistanis employed in Saudi Arabia, regular monthly remittances played a key role in maintaining stability.
The UAE Dirham exchanged hands at Rs 76.35 (buying) and Rs 77.35 (selling). Transfers from Pakistani workers in Dubai and other emirates continued to support household expenses across Pakistan.
Meanwhile, the Omani Riyal, one of the higher-value currencies, was recorded at Rs 728.1 for buying and Rs 738.1 for selling, backed by steady inflows from Pakistanis working in Oman.
From North America, the Canadian Dollar traded at Rs 202 (buying) and Rs 204.85 (selling), supported by remittances from skilled professionals and students.
The British Pound remained strong at Rs 376 (buying) and Rs 379.5 (selling), as the UK continued to be a reliable source of foreign inflows.
Overall, the steady flow of remittances helped the open market remain calm and prevented excessive pressure on the Pakistani rupee.
We welcome your contributions to The Pakistan Today. Submit your blogs, articles, press releases, news story pitches and news features to our editorial team.
Please send your submissions to our News Desk or Editorial team. We look forward to hearing from writers, journalists and contributors.
