There has been no major change in the US dollar rate in Pakistan. However, a gap remains between the interbank and open market rates. The currency market is showing limited movement. This comes as remittances from overseas Pakistanis continue to grow.
According to the latest rates, the dollar buying rate in the interbank market stands at Rs 277.55. The selling rate is Rs 278.05. In the open market, currency dealers are buying the dollar at Rs 278.50. They are selling it at Rs 278.70.
Recent market data also points to limited movement in the rupee. On August 10, the rupee closed at Rs 277.70 against the dollar in the interbank market. The rate showed a slight improvement from the previous session.
The dollar rate remains important for Pakistan’s economy. It affects import payments, business costs and external debt obligations. A weaker rupee can raise the cost of imported goods and raw materials. A stable exchange rate gives businesses more certainty when planning their expenses.
Dollar movements also affect exporters. Many exporters receive their earnings in foreign currency. A change in the exchange rate can therefore influence their rupee income. Businesses and individuals making payments abroad also face the impact of currency movements.
Remittances have also become an important factor in the current currency market. State Bank data shows that workers’ remittances reached $3.631 billion in July 2026. The figure rose 13 percent from July last year. It also increased 4.5 percent compared with June.
Higher remittances increase the flow of foreign exchange into Pakistan. They also support the country’s external sector. Overseas Pakistanis send these funds to meet household expenses. Families use the money for education, housing and other daily needs.
The dollar rate also affects the rupee value of these remittances. When the dollar gains value, recipients receive more rupees for the same amount in dollars. However, higher inflation can reduce the benefit of additional rupee income.
The daily dollar rate alone does not show the full direction of Pakistan’s economy. Export earnings, import demand and remittances also influence the rupee. Global financial conditions and external payments can add further pressure.
The latest rise in remittances remains a positive development for Pakistan. However, the country needs steady foreign exchange inflows to maintain long-term currency stability. It also needs to manage external payments carefully.
Rates can vary slightly between banks and exchange companies. Currency dealers may also change their rates during business hours. Based on the latest figures, the dollar stands at Rs 277.55 to Rs 278.05 in the interbank market. The open market rate ranges from Rs 278.50 to Rs 278.70.
