Pakistan’s interbank foreign exchange market is currently undergoing a phase of cautious stabilisation, with the Pakistani rupee maintaining its position against major currencies despite global economic pressures.
According to the latest market data, the US dollar is available for purchase at Rs 278.25 and for sale at Rs 278.75. Although the demand for the dollar globally fluctuates in different regions, its price in Pakistan is moving within a relatively narrow range.
Economic analysts say that the ongoing fiscal discipline, reduction in import pressure and improved foreign exchange management in recent months are creating stability in the market.
The British pound remaining at Rs 373 while the euro remains around Rs 322 indicates that Pakistan’s currency market is not under unusual pressure at the moment.
On the other hand, relative stability is also being seen in Gulf currencies. The current level of the Saudi riyal and the Emirati dirham is important for millions of Pakistani expatriates and the import sector, as changes in these currencies directly affect remittances and trade costs.
According to business circles, the current exchange rate is providing an opportunity for exporters, importers and investors to plan better. A relatively stable currency environment can help boost confidence in economic activity.
Experts are warning that global oil prices, US monetary policy and geopolitical situations may affect the currency market in the future, however, the current trend is considered relatively positive for Pakistan.
| Flag | Code | Bank Buying | Bank Selling |
|---|---|---|---|
 |
USD | 278.25 | 278.75 |
|
GBP | 372.46 | 373.13 |
|
EUR | 321.33 | 321.91 |
|
AED | 75.76 | 75.90 |
|
SAR | 74.11 | 74.24 |
|
CAD | 199.49 | 199.85 |
|
AUD | 195.39 | 195.74 |
|
CNY | 41.06 | 41.13 |
|
DKK | 42.99 | 43.07 |
|
HKD | 35.51 | 35.57 |
|
JPY | 1.74 | 1.74 |
|
SGD | 216.15 | 216.54 |
|
SEK | 29.37 | 29.43 |
|
CHF | 348.25 | 348.88 |
|
THB | 8.45 | 8.47 |
