The local currency closed at Rs284.46, compared to the previous day’s closing rate of Rs284.36, as per the Forex Association of Pakistan (FAP).

In the open market, the dollar’s buying and selling rates were recorded at Rs286 and Rs287, respectively, showing steady demand from currency exchangers and importers.

Meanwhile, the Euro slipped by Rs1.18 to close at Rs333.11, down from Rs334.29, according to the State Bank of Pakistan (SBP). This decline may reflect broader shifts in the eurozone’s monetary outlook and Pakistan’s demand trends.

The Japanese yen also showed a marginal drop of 01 paisa, settling at Rs1.93 compared to Rs1.94. The British Pound took a bigger hit, dropping by Rs1.10 and closing at Rs386.61 against the previous day’s Rs387.71.

On the other hand, Gulf currencies showed a minor increase. The Emirates Dirham rose by 03 paisa to Rs77.44, and the Saudi Riyal gained 02 paisa to close at Rs75.84, signaling stable trade activity with Middle Eastern markets.

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This mix of gains and losses across major foreign currencies signals a delicate balance in Pakistan’s forex market. While the dollar strengthens slightly, the Euro and Pound’s drops may reflect shifts in global sentiment and import-export dynamics. Minor rises in Gulf currencies hint at consistent remittance flows and trade ties.