The Pakistani Rupee maintained a stable trajectory in both the interbank and open markets today, reflecting a period of cautious optimism as the country continues its trek toward economic consolidation.
According to the latest data from the State Bank of Pakistan (SBP) and major exchange houses, the USD remains a focal point for investors, trading with a narrow spread between the two markets.
The gap between the official bank rates and the street rates remains remarkably thin, a sign that central bank reforms and improved foreign exchange reserves are successfully curbing volatility.
| Currency | Interbank (Buying) | Interbank (Selling) | Open Market (Buying) | Open Market (Selling) |
| US Dollar (USD) | 279.85 | 280.35 | 280.65 | 282.75 |
| UK Pound (GBP) | 374.71 | 375.38 | 375.50 | 379.00 |
| Euro (EUR) | 325.02 | 325.60 | 325.50 | 329.00 |
| UAE Dirham (AED) | 76.21 | 76.35 | 76.60 | 77.20 |
| Saudi Riyal (SAR) | 74.63 | 74.76 | 74.90 | 75.30 |
The interbank rate for the US Dollar closed with a weighted average near 280.00, indicating strong liquidity within the banking system.
The Saudi Riyal (SAR) and UAE Dirham (AED) followed a similar stable pattern, trading at 74.90 and 76.60 respectively in the open market, providing relief to the millions of Pakistanis receiving remittances from the GCC.
This stability follows the SBP’s recent decision to maintain the policy rate at 10.5%, aimed at balancing inflation control with industrial growth.
