In spite of the interbank boost, the open market painted a slightly different picture. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the US Dollar stood at Rs287 and Rs288.30 respectively, showing continued pressure in retail trading.

Meanwhile, the Euro recorded a sharp gain, rising by Rs3.22 to settle at Rs334.40, up from Rs331.18. This notable hike has raised eyebrows as it reflects strengthening European demand or weakness in local parity.

The Japanese Yen showed minimal movement, appreciating by just 01 paisa to close at Rs1.94. However, the British Pound made a significant leap, increasing by Rs1.75 to reach Rs385.70 compared to Rs383.95 a day earlier.

Read more: Unbelievable gold price hike shocks Pakistan’s market

Interestingly, the Emirates Dirham and Saudi Riyal both saw a slight drop, falling by 06 paisa each, closing at Rs77.52 and Rs75.90, respectively — indicating shifting remittance or oil-linked trends.

The Rupee’s mild appreciation signals ongoing efforts to stabilize the currency through tighter fiscal controls or foreign inflows. However, the open market tells another story — with higher dollar rates still prevailing for the average consumer.

The rise in Euro and Pound may indicate global economic factors playing out locally, while the slip in Gulf currencies may hint at short-term shifts in trade or remittance patterns. Overall, Pakistan’s currency market remains highly sensitive to both domestic moves and international sentiments.