Pakistan’s open market experienced steady trading conditions as overseas remittances continued supporting the rupee against major international currencies.
The US Dollar maintained a narrow range at around Rs 281 (buying) and Rs 283.10 (selling), reflecting balanced demand supported by inflows from Pakistani workers and students in the United States.
The Saudi Riyal traded near Rs 74.80 for buying and Rs 75.30 for selling, while the UAE Dirham hovered around Rs 76.50 and Rs 77.25, respectively. Transfers from Gulf countries remained crucial for Pakistan’s foreign exchange stability.
The Omani Riyal remained strong, exchanging at approximately Rs 728.15 (buying) and Rs 738.15 (selling), while the Canadian Dollar stood near Rs 202 to Rs 204.75.
The British Pound also held firm, trading close to Rs 376 (buying) and Rs 380 (selling), backed by remittances from Pakistani communities in the UK.
In conclusion, steady overseas remittances played a decisive role in maintaining calm conditions in Pakistan’s open currency market during the session.
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