The Pakistani rupee is continuing to trade within a narrow range against major international and Gulf currencies in the open market today, as remittance flows and foreign payment needs are remaining balanced.
The US dollar is maintaining its position, with buying recorded at Rs 281.05 and selling at Rs 282.80. Overseas Pakistanis in the US are continuing to support their families through regular transfers, while local businesses are managing import-related payments.
In the Gulf segment, the Saudi riyal is being bought at Rs 74.90 and sold at Rs 75.55, as Pakistani workers in Saudi Arabia are remaining a strong source of foreign inflows. The UAE dirham is also trading firmly at Rs 76.55 for buying and Rs 77.55 for selling, reflecting steady earnings sent home from the UAE.
The Omani riyal is holding its high value, trading between Rs 728.65 and Rs 738.65, while Pakistani professionals in Oman are continuing to contribute significantly to remittance inflows.
Among Western currencies, the UK pound sterling is trading at Rs 376.75 on the buying side and Rs 380.55 on the selling side, benefiting families receiving funds from the United Kingdom. The Canadian dollar is being exchanged at Rs 202.60 for buying and Rs 206.60 for selling, as education and settlement-related payments remain active.
Analysts are observing that overseas workers’ remittances are continuing to provide stability to Pakistan’s currency market, helping the rupee avoid sharp fluctuations.
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