Currency markets in Pakistan remained largely stable on Saturday, with the Pakistani Rupee showing minor fluctuations against major foreign currencies, including the US Dollar, British Pound, UAE Dirham, Saudi Riyal, Canadian Dollar, and Omani Riyal. The steady trend reflects a balanced market environment, offering short-term stability for trade and remittance flows.
US Dollar to PKR
The US Dollar continued to dominate Pakistan’s financial landscape. In the open market, the dollar was recorded at Rs. 279.00 (buying) and Rs. 279.80 (selling), while interbank rates stood at Rs. 278.70 (buying) and Rs. 279.20 (selling).
Given Pakistan’s reliance on imports such as petroleum, machinery, and raw materials, the dollar’s stability helps control inflation and maintain predictable import costs.
British Pound to PKR
The British Pound remained firm, trading at Rs. 376.05 (buying) and Rs. 381.81 (selling) in the open market, while interbank rates were Rs. 375.52 (buying) and Rs. 376.19 (selling).
The Pound is particularly important due to strong remittance flows from the United Kingdom, which support household incomes and contribute to foreign exchange reserves.
UAE Dirham to PKR
The UAE Dirham showed a stable trend, with open market rates at Rs. 75.95 (buying) and Rs. 76.95 (selling). Interbank rates remained aligned around Rs. 74.31 to Rs. 74.45.
With the UAE being a major trade partner and a key destination for Pakistani workers, the Dirham plays a crucial role in remittance inflows and trade settlements.
Saudi Riyal to PKR
The Saudi Riyal held steady at Rs. 74.35 (buying) and Rs. 75.40 (selling) in the open market, while interbank rates were around Rs. 74.31 to Rs. 74.45.
As one of Pakistan’s largest economic partners, Saudi Arabia contributes significantly through remittances and energy trade, making the Riyal highly influential in the local currency market.
Canadian Dollar to PKR
The Canadian Dollar traded at Rs. 203.31 (buying) and Rs. 206.85 (selling) in the open market, while interbank rates were Rs. 203.74 (buying) and Rs. 204.11 (selling).
The CAD is gaining importance due to increasing migration and trade ties, with remittances from Canada providing steady support to Pakistan’s economy.
Omani Riyal to PKR
The Omani Riyal remained strong, trading at Rs. 722.00 (buying) and Rs. 737.08 (selling) in the open market. The currency’s value is indirectly influenced by US Dollar movements.
Remittances from Oman continue to play a key role in supporting families in Pakistan and strengthening foreign exchange reserves.
Market Outlook
Overall, the Pakistani Rupee is showing signs of short-term stability against major foreign currencies. This steady trend helps reduce uncertainty for importers and supports consistent remittance inflows.
However, the currency market remains sensitive to global economic conditions, oil prices, and exchange rate movements. Any shift in these factors could influence the Rupee’s direction in the coming days.
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