As a result, the local currency closed at Rs281.76, down from the previous close of Rs281.66. While the change appears small, experts warn it could signal early signs of a deeper currency shakeup.

According to the Forex Association of Pakistan (FAP), the open market reflected higher volatility, with the Dollar being bought at Rs282.25 and sold at Rs283.75 — sparking speculation that demand is rising outside the official channels.

The State Bank of Pakistan (SBP) reported further currency shifts. The Euro jumped by Rs0.90, settling at Rs316.63, up from Rs315.73 a day earlier. Meanwhile, the British Pound recorded a significant spike of Rs1.56, closing at Rs376.61, compared to the last session’s Rs375.05.

While the Japanese Yen held steady at Rs1.94, small gains were observed in the Emirates Dirham and Saudi Riyal, both of which edged up by 03 paisa, closing at Rs76.71 and Rs75.12, respectively.

Currency watchers believe these subtle movements are part of a broader trend driven by global market fluctuations, rising import payments, and tightening forex reserves. With the dollar creeping upward and European currencies gaining strength, all eyes are now on the central bank’s next move.