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Home Forex

Dollar, Riyal & Dirham Lead Open Market as Remittances Continue Supporting Rupee

Awais Afzal (Business Staff Reporter) by Awais Afzal (Business Staff Reporter)
January 23, 2026
in Forex
Reading Time: 2 mins read
0

Major foreign currencies are trading steadily in Pakistan’s open market today, as the rupee is showing balanced movement against the US Dollar, Saudi Riyal, and UAE Dirham. With overseas remittances continuing to flow and trade activity remaining active, the currency market is reflecting cautious stability.
The US Dollar is being bought at Rs. 280.80 and sold at Rs. 282.50, holding firm amid consistent demand for imports, online payments, and international transactions. Businesses are continuing to rely on the greenback for raw materials and machinery, while freelancers and IT professionals working with American clients are bringing in regular dollar earnings.
These digital exports are quietly strengthening Pakistan’s foreign exchange inflows every day.
At the same time, the Saudi Riyal is standing at Rs. 74.95 for buying and Rs. 75.40 for selling. With millions of Pakistani workers employed across Saudi Arabia in construction, transport, healthcare, and retail, money transfers are reaching families back home daily.
From Karachi to Lahore and small towns across Punjab and Khyber Pakhtunkhwa, households are using these remittances to manage groceries, school fees, rent, and medical expenses. The steady Riyal rate is giving families confidence while planning monthly budgets.
Meanwhile, the UAE Dirham is trading at Rs. 76.58 (buying) and Rs. 77.38 (selling). The Dirham remains one of the most exchanged currencies in Pakistan due to the large Pakistani workforce in Dubai, Abu Dhabi, and Sharjah.
Workers are continuing to send money home regularly, making the UAE one of the largest contributors to Pakistan’s remittance inflows. Travel, small business imports, and family support are keeping the Dirham highly active in the open market.
Market observers are noting that these three currencies — Dollar, Riyal, and Dirham — are collectively shaping the rupee’s daily direction. As long as overseas Pakistanis continue sending funds consistently, the rupee is managing to stay relatively stable despite global pressures.

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Awais Afzal (Business Staff Reporter)

Awais Afzal (Business Staff Reporter)

Awais Afzal is a Business Desk Reporter at The Pakistan Today, covering business, markets, economy and financial developments. He focuses on clear, accurate and reader-friendly reporting, with a strong emphasis on verified facts and timely updates. His work aims to explain complex economic and business issues in simple language for a broad audience.

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