Karachi: The Pakistani rupee traded mixed against major currencies in the open market on Friday, with the US dollar holding steady while the Saudi riyal, UAE dirham and British pound recorded marginal gains.
Market data showed that the US dollar was steady at Rs 279.10, reflecting a quiet trading session without any major change in market demand. Currency dealers said the dollar’s stability provided temporary relief for businesses involved in imports and foreign payments.
The Saudi riyal touched Rs 75.10, while the UAE dirham touched Rs 76.90. Although the gains were modest, both currencies are closely watched due to Pakistan’s strong remittances from Gulf countries and steady demand arising from religious pilgrimages.
The British pound appreciated to Rs 377.92, helped by a strong performance in the international market. Dealers noted that global currency trends continue to affect local exchange rates, especially for major international currencies.
In contrast, the Canadian dollar slipped to Rs 199.95, reflecting a weaker performance compared to the previous trading session. Market observers linked the decline to broader movements in international currency markets.
Economists believe that Pakistan’s currency market is likely to remain relatively stable in the coming days if global financial conditions remain unchanged. However, they advise businesses, overseas Pakistanis and travelers to stay abreast of daily exchange rate updates, as even small fluctuations can affect trade costs, remittance values and travel expenses.
| Currency Pair | Rate (PKR) | Status |
|---|---|---|
 US Dollar USD → PKR | 279.10 | ● Stable |
 Saudi Riyal SAR → PKR | 75.20 | ● Stable |
 UAE Dirham AED → PKR | 76.70 | ● Stable |
 British Pound GBP → PKR | 379.50 | ● Stable |
 Canadian Dollar CAD → PKR | 209.00 | ● Stable |