Major foreign currencies continued to show stability against the Pakistani rupee on Wednesday, reflecting ongoing economic pressures and external trade dynamics.
USD to PKR
The US dollar remained firm in the local market. In the open market, it was recorded at Rs. 279.00 (buying) and Rs. 279.80 (selling), while interbank rates stood at Rs. 278.65 (buying) and Rs. 279.15 (selling).
The dollar’s strength continues to impact Pakistan’s import costs, particularly fuel and raw materials, contributing to inflationary pressure. At the same time, export sectors benefit from improved rupee returns.
OMR to PKR
The Omani riyal maintained its high value, trading in the open market at Rs 722.47 (buying) and Rs 733.08 (selling).
Its strong position supports higher remittance inflows into Pakistan, strengthening household incomes and foreign exchange reserves.
AED to PKR
The UAE Dirham remained stable, trading at Rs. 75.95 (buying) and Rs. 76.85 (selling) in the open market, while interbank rates were Rs. 74.28 (buying) and Rs. 74.42 (selling).
Given Pakistan’s strong economic ties with the UAE, stable Dirham rates help maintain consistency in trade and remittance flows.
SAR to PKR
The Saudi Riyal also held steady, with open market rates at Rs 74.40 (buying) and Rs 75.15 (selling), while interbank rates were Rs 74.28 (buying) and Rs 74.42 (selling).
The riyal remains vital for Pakistan’s economy due to strong labour exports and steady remittance streams.
CAD to PKR
The Canadian Dollar showed stability, trading at Rs. 203.32 (buying) and Rs. 207.35 (selling) in the open market and Rs. 204.89 (buying) and Rs. 205.26 (selling) in interbank.
Its performance reflects ongoing trade, education, and financial links between Pakistan and Canada.
GBP to PKR
The British Pound continued to trade at a premium level. Open market rates were Rs. 376.58 (buying) and Rs. 382.98 (selling), while interbank rates stood at Rs. 376.90 (buying) and Rs. 377.57 (selling).
A stronger pound increases overseas costs but enhances the value of remittances and foreign earnings.
Overall, currency stability remains crucial for Pakistan’s economic outlook, influencing trade balances, inflation trends, and external financial stability.
