Open Market Rates Show Balanced Trend as Dollar and Gulf Currencies Maintain Strength

Pakistan’s currency market is continuing to show stability today, with key foreign currencies trading in narrow ranges as remittances from overseas workers are supporting the rupee.
The US Dollar is trading at Rs. 280.60 for buying and Rs. 282.30 for selling, reflecting steady demand from businesses and the growing freelance sector. Dollar earnings are continuing to strengthen household incomes across the country.
Currencies from the Middle East are also holding firm. The Saudi Riyal stands at Rs. 74.85 (buying) and Rs. 75.35 (selling), while the UAE Dirham is moving at Rs. 76.50 (buying) and Rs. 77.30 (selling). These currencies are directly tied to remittances, as a large portion of Pakistan’s workforce is based in Gulf countries.
The Omani Riyal remains strong at Rs. 728.20 buying and Rs. 737.72 selling, offering high value returns. Families receiving funds from Oman are benefiting more due to the currency’s premium rate.
In Western markets, the British Pound is trading at Rs. 383.31 buying and Rs. 387.76 selling, while the Canadian Dollar is exchanging at Rs. 203.84 buying and Rs. 207.38 selling. Students, skilled workers and professionals are continuing to send regular financial support back home.
Analysts are observing that these stable trends are helping maintain confidence in the open market and are providing relief to households dependent on foreign income.