The local currency closed at Rs281.66, compared to the previous day’s Rs281.61. Though the slip seems minor, it hints at underlying currency market volatility that could escalate in the coming days.

According to the Forex Association of Pakistan (FAP), the Dollar’s open market rates remained higher — with buying at Rs282.25 and selling at Rs283.75 — reflecting persistent public demand and tightening foreign reserves.

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The Euro also moved upward, gaining Rs0.38 to settle at Rs315.73, up from Rs315.35, as reported by the State Bank of Pakistan (SBP).

Meanwhile, the Japanese Yen inched up by 01 paisa, closing at Rs1.94, but the British Pound made the most noticeable leap — surging Rs1.39, rising from Rs373.66 to Rs375.05, a sign of increasing pressure on Pakistan’s forex market.

In the Gulf currencies segment, both the Emirates Dirham and the Saudi Riyal recorded a slight uptick of 01 paisa each, ending at Rs76.68 and Rs75.09, respectively.

These subtle shifts may seem routine, but experts warn they could indicate early signs of deeper currency strain, especially if global oil prices rise or external financing delays persist. The coming weeks could hold more surprises for the exchange market.