The Pakistani rupee remained stable on Thursday, with the State Bank of Pakistan fixing the USD/PKR currency rates at Rs 279.7120. This marks little change from Tuesday’s close, as the rupee consolidated near the 279.70 level.
Market experts noted that the small fluctuations in currency rates reflect technical adjustments rather than fundamental shifts. Exporters continue to sell dollars above 280.20, while petroleum importers accumulate currency below 279.80. One-week forward rates are quoted at 280.07, indicating a minimal 0.13% carrying cost.
Other major currencies also showed steady trends. The British Pound (GBP) opened at 379.56, Saudi Riyal (SAR) at 74.59, UAE Dirham (AED) at 76.16, and Qatari Riyal (QAR) at 76.53. The Kuwaiti Dinar (KWD) softened slightly to 915.29, while the Australian Dollar (AUD) traded at 194.78 and the Canadian Dollar (CAD) at 204.42. Euro opened at 329.77, and Japanese Yen remained affordable at 1.78 per unit.
Analysts said the stable currency rates signal confidence among importers and exporters. Forward premiums remain compressed at 4–5% annualised for less-liquid currencies, indicating that businesses trust the State Bank’s ability to maintain exchange rate stability.
The government has strengthened reserves, which now stand at $21.26 billion. The real effective exchange rate eased to 98.2 in November, a level considered “competitive yet not undervalued” by the IMF. Dealers expect the USD/PKR currency rates to remain in the 278–282 range during Q1 2026, barring major oil price shocks or political disruptions.
Overall, the Pakistani rupee is showing resilience as foreign exchange flows, remittances, and government interventions continue to support market stability. Observers suggest that businesses and traders should monitor official currency rates regularly to plan imports, exports, and remittance activities efficiently.
The outlook for the rupee remains cautiously positive, with market participants expecting no major volatility in the near term.
In other news read more about: Today’s Currency Rates in Pakistan: Dollar, Euro, Pound, Dirham
