Pakistan’s open market is witnessing stable trading today, with major foreign currencies maintaining a narrow range as overseas workers continue sending money home, strengthening the country’s foreign exchange position.
The US Dollar continues trading at Rs. 280.60 (buying) and Rs. 282.30 (selling), supporting imports and digital earnings from Pakistani freelancers working with international clients.
Gulf-linked currencies are also moving smoothly. The Saudi Riyal remains at Rs. 74.85 buying and Rs. 75.35 selling, while the UAE Dirham is exchanging at Rs. 76.50 and Rs. 77.30. These two currencies are playing a major role in Pakistan’s economy, as workers in construction, retail and services sectors are regularly sending remittances.
The Omani Riyal is staying strong at Rs. 728.20 for buying and Rs. 737.72 for selling, making it one of the most valuable currencies for recipients in Pakistan.
From Europe, the British Pound is trading firmly at Rs. 383.31 buying and Rs. 387.76 selling, benefiting families planning education and savings. At the same time, the Canadian Dollar is standing at Rs. 203.84 and Rs. 207.38, reflecting steady transfers from Pakistani students and skilled workers.
Overall, the market is continuing to reflect cautious confidence as remittances act as a financial backbone for the national economy.
Remittance-Driven Currencies Holding Firm in Open Market as Dollar, Pound and Gulf Rates Stay Stable
