Pakistan’s open market is currently showing controlled movement in major foreign currencies as the rupee is being supported by consistent overseas inflows. The performance of the US dollar, Saudi riyal, Omani riyal, British pound, Canadian dollar and UAE dirham is directly affecting households that depend on foreign income.
The US dollar is currently trading at Rs281.05 for buying and Rs283.10 for selling, as import-related demand is continuing alongside inflows from exports and remittances. Analysts are observing that the rupee is holding its ground despite external challenges.
The Saudi riyal is standing at Rs74.85 buying and Rs75.50 selling, remaining crucial for Pakistani workers employed across Saudi cities. Their remittances are continuously supporting family consumption and small-scale business activity in Pakistan.
Meanwhile, the Omani riyal is being exchanged at Rs729.10 for buying and Rs739.10 for selling. Workers based in Oman are steadily contributing to Pakistan’s foreign exchange inflows, particularly in southern Punjab and Khyber Pakhtunkhwa.
The UK pound is trading at Rs379.50 on the buying side and Rs383.00 on the selling side, as remittances from Britain are supporting long-term investments, including property purchases and education expenses.
At the same time, the Canadian dollar is moving at Rs204.00 for buying and Rs207.50 for selling, reflecting stable inflows from Pakistani professionals and students settled in Canada.
The UAE dirham is currently priced at Rs76.60 buying and Rs77.45 selling, underlining the importance of UAE-based workers who are consistently sending money home.
Overall, the open market is remaining relatively stable as remittances are continuing to cushion the rupee against sudden shocks.
Pakistan Open Market: Dollar, Riyal and Pound Rates Are Staying Firm Amid Remittance Support
