The Pakistani Rupee recorded a 10 paisa depreciation against the US Dollar, settling at Rs282.67 compared to Rs282.57 a day earlier in interbank trading.
In the open market, however, the Forex Association of Pakistan (FAP) reported the Dollar’s buying rate at Rs284.35 and selling rate at Rs285.15, indicating continued pressure on the local currency.
Other major currencies also gained ground. The Euro jumped by 96 paisa, closing at Rs327.16, up from Rs326.20, as per data from the State Bank of Pakistan (SBP).
The British Pound also appreciated, rising by 62 paisa to settle at Rs375.55, up from Rs374.93 the previous day, while the Japanese Yen remained stable at Rs1.91.
The Emirates Dirham and Saudi Riyal saw minor upticks as well, ending at Rs76.95 and Rs75.33, respectively, with increases of 02 and 01 paisa.
Read more: Gold prices rise again? Here’s how much one tola will now cost!
The continued upward movement of the Dollar and other foreign currencies reflects the persistent economic challenges facing Pakistan. Minor changes may appear insignificant day to day, but they collectively signal a growing burden on imports, business costs, and inflation.
With global market pressures and domestic instability, currency watchers suggest keeping a close eye on forex movements — especially for those involved in trade, travel, or overseas transactions. The widening gap between interbank and open market rates is also raising concerns about speculative activity and demand-supply imbalance in the local forex market.
