The Pakistani rupee is continuing to show mixed movement against major international and Gulf currencies as interbank and open market exchange rates reflect ongoing adjustments in external demand, import payments, and remittance inflows on 16 May 2026.
The US dollar is continuing to dominate the local currency market, trading in the interbank segment at Rs. 278.50 for buying and Rs. 279.00 for selling. In the open market, the dollar is being recorded at Rs 279.05 and Rs 279.70. The movement of the US dollar is continuing to influence import costs, fuel pricing structure, and broader inflation trends across Pakistan’s economy.
The British Pound Sterling is also continuing to remain strong in the currency system, with interbank buying at Rs 372.47 and selling at Rs 373.13, while open market rates are being observed at Rs 372.17 and Rs 377.30. The pound’s movement is continuing to impact education-related expenses, international payments, and trade settlements connected with the United Kingdom.
The Canadian dollar is continuing to trade steadily in both markets, with interbank buying at Rs. 202.70 and selling at Rs. 203.06, while open market rates are standing at Rs. 201.53 and Rs. 205.46. The currency is continuing to contribute to financial inflows through overseas remittances and international economic activity involving Pakistani communities.
Among Gulf currencies, the Saudi Riyal is continuing to remain stable at Rs. 74.22 buying and Rs. 74.35 selling in the interbank market, while open market rates are recorded at Rs. 74.35 and Rs. 75.35. The UAE Dirham is also continuing to trade steadily at Rs. 75.85 buying and Rs. 75.98 selling in interbank, with open market levels at Rs. 75.75 and Rs. 76.85. Both currencies are continuing to support Pakistan’s economy through strong remittance inflows from Gulf-based workers.
The Omani Riyal is continuing to maintain a high exchange value in the open market at Rs 722.05 for buying and Rs 732.85 for selling. Its movement is continuing to be shaped by remittance flows and employment-linked financial transfers from Pakistani workers in Oman.
Overall, Pakistan’s foreign exchange market is continuing to reflect the combined impact of global dollar strength and steady Gulf remittance inflows. These currency movements are continuing to influence import costs, inflation pressure, and external account stability, while also shaping broader economic sentiment in the country’s financial system.
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