Open Market Review: Pakistani Rupee Shows Varied Trend Against Global Currencies

The Pakistani rupee concluded the trading session with mixed performance against major foreign currencies in the open market, influenced by overseas remittances, import demand, and global financial cues.
The US Dollar remained range-bound and was last noted at Rs 281.10 for buying and Rs 283.20 for selling. The greenback’s movement continued reflecting Pakistan’s external financing needs and dollar demand linked to essential imports.
The Saudi Riyal, widely tracked due to its direct link with Pakistani workers in the Kingdom, stood at Rs 74.80 buying and Rs 75.35 selling. Remittance inflows from Saudi Arabia were seen providing consistent support to Pakistan’s foreign exchange position.
In the Gulf region, the UAE Dirham was recorded at Rs 76.60 on the buying side and Rs 77.40 on the selling side. The UAE remained one of Pakistan’s top remittance corridors, with thousands of workers regularly sending funds home for family support.
The Omani Riyal, another high-value Gulf currency, traded at Rs 728.10 buying and Rs 738.10 selling. Analysts noted that although volumes were lower compared to other Gulf currencies, remittances from Oman played a meaningful role for certain regions in Pakistan.
Among Western currencies, the British Pound Sterling was quoted at Rs 376.10 for buying and Rs 379.60 for selling. Students studying in the UK and families receiving financial assistance closely monitored the pound’s direction.
The Canadian Dollar was observed at Rs 202.00 buying and Rs 205.00 selling. Pakistan’s growing ties with Canada, including immigration and education, kept the currency relevant in daily market activity.
Market analysts said the rupee’s overall movement remained stable, supported by remittance inflows, while global uncertainty and energy costs continued influencing currency sentiment.