Web Desk Pakistan’s foreign exchange market is remaining largely stable on Thursday as major global currencies, including the US dollar, British pound, Canadian dollar, UAE dirham, Saudi riyal, and Australian dollar, are showing limited fluctuations in both interbank and open market trading.
The US dollar (USD) is continuing to dominate the currency market, with the interbank rate being recorded at Rs 278.50 (buying) and Rs 279.00 (selling). In the open market, the dollar is being exchanged at Rs 279.00 (buying) and Rs 279.60 (selling). Market analysts are saying the rupee is maintaining a narrow trading range due to balanced import payments and steady foreign inflows.
The British Pound (GBP) is remaining strong against the rupee, with interbank trading standing at Rs 373.22 (buying) and Rs 373.89 (selling), while in the open market it is trading at Rs 373.10 (buying) and Rs 378.60 (selling). Demand for the pound is continuing to be driven by education, travel, and remittance-related payments.
The Canadian Dollar (CAD) is also showing stable movement, with interbank rates recorded at Rs 202.50 (buying) and Rs2 02.86 (selling), while the open market rate is standing at Rs 201.41 (buying) and Rs 207.65 (selling). Analysts are linking CAD demand to immigration and overseas settlement activity.
Among Gulf currencies, the UAE Dirham (AED) is remaining stable due to strong remittance inflows. Interbank rates are standing at Rs 75.82 (buying) and Rs 75.96 (selling), while open market rates are being recorded at Rs 75.90 (buying) and Rs 76.90 (selling).
The Saudi Riyal (SAR) is also showing minimal movement, with interbank rates standing at SAR Rs. 74.22 (buying) and SAR Rs. 74.35 (selling), while open market rates are being traded at SAR Rs. 74.20 (buying) and SAR Rs.75.20 (selling). Seasonal travel and pilgrimage-related demand is expected to increase in the coming weeks.
Meanwhile, the Australian dollar (AUD) is remaining steady amid balanced demand from education and trade sectors. The interbank rate is being recorded at Rs 197.90 (buying) and Rs 198.26 (selling), while the open market rate is standing at Rs 196.36 (buying) and Rs 203.63 (selling).
Financial experts are suggesting that the rupee’s short-term stability is being supported by controlled import payments and steady remittance inflows, although global oil prices and external account pressures are remaining key risk factors for future market movement.
Pakistan Interbank Forex Rates Today