Foreign currencies connected with remittances are showing steady performance across Pakistan’s open market today, as the rupee is trading within a narrow range. With overseas Pakistanis continuing to send money from the Gulf region, Europe and North America, exchange activity is remaining balanced and predictable.
The dollar is continuing to dominate trade. The US Dollar is currently being bought at Rs. 280.60 and sold at Rs. 282.30, and businesses are using it for imports and online transactions. Meanwhile, freelancers are steadily bringing digital income into the country.
Saudi Arabia remains one of the largest sources of remittances. The Saudi Riyal is trading at Rs. 74.85 buying and Rs. 75.35 selling. Workers employed in Saudi cities are sending regular support to their families, helping them manage inflation and daily expenses.
Likewise, the UAE Dirham is being bought at Rs. 76.50 and sold at Rs. 77.30. The steady movement of the Dirham is reflecting the strong economic link between Pakistan and the Emirates, where thousands of Pakistanis are working in retail, logistics and construction.
Among the Gulf currencies, the Omani Riyal is standing high at Rs. 728.25 for buying and Rs. 737.72 for selling, making it one of the most valuable currencies in rupee terms. Families receiving funds from Oman are benefiting from larger conversions.
In Europe, the British Pound is trading at Rs. 383.31 buying and Rs. 387.76 selling. With a large Pakistani diaspora in the UK, remittances are continuing to strengthen household budgets back home.
Meanwhile, the Canadian Dollar is being bought at Rs. 203.84 and sold at Rs. 207.38. Pakistani students and professionals in Canada are staying financially connected with their families.
Experts believe these consistent inflows are cushioning the economy. The rupee is holding its ground as overseas Pakistanis continue to play a vital economic role.
Remittance-Driven Foreign Currencies Holding Firm in Pakistan’s Open Market as Rupee Shows Stability
