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Pakistan’s Open Market Stays Balanced as Key Global Currencies Trade in Stable Range

Web Desk 3 months ago 0

Pakistan’s open currency market is continuing to show stability today as major international currencies are trading within controlled ranges, supported by steady remittances and consistent cross-border activity.
The US Dollar, Saudi Riyal, UAE Dirham, British Pound, Canadian Dollar, and Omani Riyal are all moving without sharp fluctuations, indicating balanced demand across trade and overseas income channels.
The Dollar remains near Rs. 280–282, the Riyal around Rs. 75, and the Dirham close to Rs. 77, while the Pound, Canadian Dollar, and Omani Riyal are holding firm at higher levels.
Across Pakistan, families are depending heavily on money sent by relatives working abroad. Whether it is construction workers in the Gulf, healthcare professionals in the UK, drivers in Canada, or technicians in Oman, these overseas Pakistanis are continuing to act as the country’s financial backbone.
Their remittances are supporting daily expenses, education, healthcare, and small business investments. At the same time, the inflows are helping stabilize the rupee and reduce pressure on foreign exchange reserves.
Currency watchers are observing that the market is currently reflecting confidence rather than volatility. The absence of sudden jumps is giving businesses and households time to plan their finances calmly.
As global conditions remain uncertain, Pakistan’s open market is leaning strongly on its overseas workforce — and for now, their consistent support is keeping the rupee steady against the world’s major currencies.

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