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Pakistani Rupee Held Firm Against USD, SAR, OMR, CAD, GBP and AED in Open Market

Web Desk 4 months ago 0

The Pakistani rupee showed resilience in the open market as major foreign currencies traded steadily, supported by uninterrupted remittance inflows from overseas Pakistanis.

The US Dollar was quoted at Rs 281 for buying and Rs 283.1 for selling, indicating controlled demand. Families receiving funds from the US continued to meet household expenses without triggering sudden market pressure.

The Saudi Riyal remained stable at Rs 74.85 (buying) and Rs 75.35 (selling). Remittances from Pakistani workers in Saudi Arabia remained one of the strongest pillars of foreign inflows.

Similarly, the UAE Dirham traded at Rs 76.35 for buying and Rs 77.35 for selling, reflecting regular transfers from expatriates in the UAE.

The Omani Riyal maintained its higher valuation, exchanging at Rs 728.1 (buying) and Rs 738.1 (selling), backed by consistent earnings sent home by workers in Oman.

The Canadian Dollar stood at Rs 202 (buying) and Rs 204.85 (selling), supported by contributions from Pakistani immigrants and students in Canada.

Meanwhile, the UK Pound Sterling traded at Rs 376 for buying and Rs 379.5 for selling, as remittances from the United Kingdom continued to strengthen Pakistan’s foreign exchange position.

Overall, the open market remained stable, reflecting the crucial role of overseas Pakistanis in supporting the national economy.

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