Pakistan Currency Rates Today – 16 May 2026

The Pakistani rupee is continuing to trade under mixed pressure in the foreign exchange market as major global and Gulf currencies, including the US dollar, British pound, Canadian dollar, Saudi riyal, UAE dirham, and Omani riyal, are showing active movement in both interbank and open market segments on 16 May 2026.

The US dollar is continuing to remain the key reference currency for Pakistan’s economy as it is being traded in the interbank market at Rs. 278.50 for buying and Rs. 279.00 for selling. In the open market, the dollar is being recorded at Rs 279.05 and Rs 279.70, respectively. The movement of the US dollar is continuing to influence import payments, energy costs, and overall inflation pressure across the country.

The British pound sterling is continuing to hold a stronger position in the currency market. In the interbank market, it is being traded at Rs. 372.47 for buying and Rs. 373.13 for selling, while in the open market, it is being exchanged at Rs. 372.17 and Rs. 377.30. The pound’s movement is continuing to affect education expenses, international trade settlements, and service-related transactions linked with the United Kingdom.

The Canadian dollar is also continuing to show steady movement, with interbank buying at Rs. 202.70 and selling at Rs. 203.06, while open market rates are being recorded at Rs. 201.53 and Rs. 205.46. The currency is continuing to play a role in remittance inflows, education-related expenses, and international trade payments involving Pakistani communities abroad.

Among Gulf currencies, the Saudi Riyal is continuing to remain stable, being traded in the interbank market at Rs. 74.22 for buying and Rs. 74.35 for selling, while open market rates are standing at Rs. 74.35 and Rs. 75.35. The riyal is continuing to support Pakistan’s economy through strong remittance inflows from workers in Saudi Arabia, directly contributing to household income levels.

The UAE dirham is also continuing to trade steadily, with interbank buying at Rs. 75.85 and selling at Rs. 75.98, while in the open market it is being exchanged at Rs. 75.75 and Rs. 76.85. The Dirham’s movement is continuing to reflect strong trade, employment, and financial linkages between Pakistan and the United Arab Emirates.

The Omani riyal is continuing to maintain a high value in the open market, being recorded at Rs. 722.05 for buying and Rs. 732.85 for selling. Although not actively quoted in interbank reporting, its movement is continuing to be influenced by remittance flows from Pakistani workers in Oman, contributing to external financial stability.

Overall, the movement of these major international and Gulf currencies is continuing to shape Pakistan’s foreign exchange outlook. The combined effect of dollar strength and steady remittance-driven Gulf inflows is continuing to influence import pricing, inflation trends, and external account stability, reflecting ongoing pressures and adjustments in the country’s broader economic environment.