The Pakistani Rupee is continuing to face pressure in the currency market as major international currencies are maintaining strong positions against it, reflecting ongoing external account challenges and import dependency.
The US Dollar is currently trading at Rs. 278.70 (buying) and Rs. 279.20 (selling) in the interbank market, while in the open market it is standing at Rs. 279.00 (buying) and Rs. 279.80 (selling). The dollar is remaining firm, and its stability is continuing to influence the overall direction of the rupee. Import costs, especially for fuel and machinery, are increasing, and inflationary pressure is gradually building across multiple sectors.
At the same time, the British Pound is trading at Rs. 378.99 (buying) and Rs. 379.67 (selling) in interbank, while the open market is showing Rs. 376.05 (buying) and Rs. 381.81 (selling). The pound is maintaining its strength, making imports from the United Kingdom more expensive, while remittance inflows from the UK are increasing in rupee value and providing partial economic relief.
Among Gulf currencies, the Saudi Riyal is trading at Rs. 74.31 (buying) and Rs. 74.45 (selling) in the interbank and Rs. 74.35 (buying) and Rs. 75.40 (selling) in the open market. Similarly, the UAE Dirham is standing at Rs. 75.95 (buying) and Rs. 76.95 (selling) in the open market, closely aligned with its dollar-linked value. These currencies are continuing to play a critical role in Pakistan’s economy, as steady remittance inflows from the Middle East are supporting foreign exchange reserves.
The Omani Riyal is trading at Rs. 722.00 (buying) and Rs. 737.08 (selling) in the open market, maintaining one of the highest values against the rupee. This is increasing the rupee value of remittances from Oman, although it is also making imports from the region more costly.
Meanwhile, the Canadian Dollar is being traded at Rs. 205.16 (buying) and Rs. 205.53 (selling) in interbank, while the open market is showing Rs. 203.31 (buying) and Rs. 206.85 (selling). The currency is showing moderate movement, reflecting global economic trends and continuing to influence trade in commodities and raw materials.
Overall, the rupee is remaining under pressure as global currencies are holding firm. While remittances are providing support, rising import costs are continuing to strain the economy, shaping inflation trends and impacting business activity across the country.
