Pakistan’s open market witnessed varied currency trends as the rupee was traded against major international units used for trade, travel, and remittances.
The US dollar remained firm at Rs 281 buying and Rs 283 selling, continuing to shape import costs and foreign debt calculations. Businesses dealing in raw materials closely tracked the dollar’s movement.
The Saudi riyal was exchanged at Rs 74.8 buying and Rs 75.45 selling, a key rate for millions of Pakistanis working in Saudi Arabia. The flow of remittances from the Kingdom remained essential for domestic consumption.
The UAE dirham traded at Rs 76.45 buying and Rs 77.40 selling, supporting remittance inflows from Pakistani workers in Dubai, Abu Dhabi, and Sharjah.
The Omani riyal maintained a strong position at Rs 727.75 buying and Rs 737.75 selling, benefiting Pakistani workers earning in the high-value currency.
The Canadian dollar, recorded at Rs 203.55 buying and Rs 207.55 selling, affected overseas students and families sending funds abroad. The UK pound stood at Rs 378.75 buying and Rs 382.75 selling, reflecting continued demand for education and settlement-related transactions.
Market observers noted that the rupee’s performance remained sensitive to global economic signals and remittance flows.
Open Market Rates Showed Mixed Trend for Pakistani Rupee Against Global Currencies
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