Pakistan’s foreign exchange market is continuing to show activity as major global currencies are trading against the Pakistani Rupee in the open market.
The US Dollar is currently influencing Pakistan’s economic environment because imports of fuel, machinery and essential goods are continuing to rely on the American currency. The Dollar is trading near Rs. 279.00 for buying and Rs. 280.35 for selling.
Meanwhile, the British Pound Sterling is continuing to maintain strong value due to trade relations and remittances from the Pakistani community in the United Kingdom. The Pound is trading at about Rs. 371.65 for buying and Rs. 375.25 for selling.
The Saudi Riyal is also playing a significant role because remittances from Saudi Arabia are continuing to support Pakistan’s foreign exchange inflows. The Riyal is trading around Rs. 73.75 for buying and Rs. 74.70 for selling.
Similarly, the UAE Dirham is remaining important as Pakistani workers in the Emirates are sending financial support back home. The Dirham is trading at approximately Rs. 75.50 for buying and Rs. 76.75 for selling.
The Canadian Dollar is trading near Rs. 202.18 for buying and Rs. 206.50 for selling, reflecting expanding trade and migration ties with Canada.
The Omani Riyal is also maintaining high value and is trading around Rs. 715.65 for buying and Rs. 725.65 for selling.
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