Dollar Rate in Pakistan Continues to Fall as Rupee Posts Gain for 11th Straight Day

The Pakistani Rupee (PKR) showed a marginal appreciation on Friday, strengthening by 02 paisa against the US Dollar (USD) in the interbank market. At the close of trading, the local currency settled at Rs. 281.90, compared to the previous day’s closing of Rs. 281.92, according to the official data released by the State Bank of Pakistan (SBP).

This slight upward movement indicates relative stability in the currency market, although fluctuations continue due to global and domestic economic factors.

Performance Against Major Currencies

Alongside the minor recovery against the dollar, the rupee posted mixed performance against other leading foreign currencies:

• The Euro recorded a sharp decline of Rs. 1.74, closing at Rs. 326.84 versus the earlier value of Rs. 328.58.
• The Japanese Yen also weakened by 02 paisa, with its exchange rate sliding to Rs. 1.89.
• The British Pound lost Rs. 1.81 against the PKR, settling at Rs. 377.93, down from the previous day’s Rs. 379.74.
• The Emirates Dirham remained stable, holding firm at Rs. 76.75.
• In contrast, the Saudi Riyal registered a slight upward adjustment of 01 paisa, ending the day at Rs. 75.13.

Market Outlook

The small gain of the rupee against the US dollar, coupled with mixed movements against other global currencies, highlights the volatile yet cautiously stable environment of Pakistan’s forex market. Analysts note that such daily fluctuations are often tied to factors like import payments, foreign inflows, remittances, and international oil prices.

Despite the modest improvement, experts believe the rupee’s long-term trajectory will continue to depend on macroeconomic reforms, investor confidence, and inflows from international financial institutions.