Foreign currency rates in Pakistan’s open market showed mixed but mostly stable trends, offering short-term confidence to traders, businesses, and overseas Pakistanis who closely followed daily exchange movements.
The US dollar remained under focus as it was being bought at Rs 280.65 and sold at Rs 282.75. The dollar continued to influence Pakistan’s import costs, fuel prices, and overall inflation pattern. Businesses were carefully planning payments while hoping for further stability in the rupee.
The Saudi riyal was recorded at Rs 74.90 for buying and Rs 75.30 for selling. Millions of Pakistani workers in Saudi Arabia were sending regular remittances, which remained a major financial lifeline for families across Pakistan. These funds were helping households manage daily expenses, education fees, and healthcare costs.
The Omani riyal maintained a strong position in the market. It was bought at Rs 728.60 and sold at Rs 738.60, making it one of the highest-valued Gulf currencies against the Pakistani rupee. Pakistani workers in Oman were benefiting from the strong rate as their remittances were providing greater rupee value to families back home.
The UAE dirham was also performing steadily. It stood at Rs 76.60 on the buying side and Rs 77.20 on the selling side. The dirham continued to play a vital role in Pakistan’s remittance economy as a large number of Pakistanis were employed in the United Arab Emirates. Their earnings were supporting household budgets and small business activities across various cities.
The British pound sterling remained one of the strongest foreign currencies in Pakistan’s open market. It was bought at Rs 375.50 and sold at Rs 379. Pakistani students, professionals, and workers in the United Kingdom were sending consistent funds to Pakistan, helping families cope with rising living costs and long-term financial planning.
Meanwhile, the Canadian dollar was recorded at a buying rate of Rs 201 and a selling rate of Rs 206. Overseas Pakistanis in Canada were contributing significantly through remittances, which were being used for education, property investments, and family support.
Market participants believed that stability in these major currencies was helping reduce short-term uncertainty in Pakistan’s foreign exchange environment. Importers were managing payments more confidently, while families dependent on overseas income were receiving relatively predictable returns.
Economic observers noted that remittances from Gulf countries, the UK, Canada, and the United States continued to act as a backbone for Pakistan’s foreign exchange reserves. These inflows were also supporting domestic consumption and easing pressure on the rupee.
Despite global economic challenges, the open market rates reflected balanced demand and supply, allowing indication of cautious optimism among financial circles.
Experts expected that upcoming trade data, remittance inflows, and global market movements would continue to shape currency trends in Pakistan in the coming days.
For now, the stable performance of the US dollar, Saudi riyal, Omani riyal, UAE dirham, British pound, and Canadian dollar provided much-needed breathing space to Pakistan’s economy and its overseas community.
