In the open market, however, the Dollar’s buying rate was recorded at Rs282.75 and its selling rate at Rs282.95, as per the Forex Association of Pakistan (FAP). The difference between interbank and open market rates highlights ongoing market fluctuations and uncertainty in currency trends.

Meanwhile, the Euro strengthened notably, rising by Rs2.29 to close at Rs327.18, compared to the previous closing of Rs324.89. The British Pound also gained Rs2.38, settling at Rs375.43 from Rs373.05 a day earlier.

The Japanese Yen showed a minor upward movement of 01 paisa, closing at Rs1.85. In contrast, the Emirates Dirham and Saudi Riyal both fell slightly by 01 paisa each, closing at Rs76.53 and Rs74.95, respectively.

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The Rupee’s slight recovery against the Dollar reflects temporary market stability rather than lasting strength. Rising global currencies like the Euro and Pound suggest ongoing pressure on Pakistan’s economy due to import costs and inflation. Experts believe that sustained improvement will depend on foreign inflows, export growth, and controlled demand for the Dollar.