The Pakistani rupee (PKR) closed in green against the US Dollar (USD) and against the British Pound (GBP) on Thursday.
On a day-on-day (DoD) basis, the interbank rate stayed at 285/$ most of the day before closing at the 284 level. Open market rates across multiple currency counters remained at the 285-288 level today. A few sellers quoted Rs. 288/$ in the federal capital today.
GBP rose to 386-391 against the PKR in the open market. According to the Exchange Companies Association of Pakistan (ECAP), the buying rate stood at 386, while several exchange shops across main cities were selling GBP at rates as high as Rs. 391.
PKR was stable all day and closed in green against the greenback. Meanwhile, it posted losses against some of the other major currencies during today’s session.
The PKR appreciated by 0.19 percent and gained 53 paisas to close at 284.21 against the US Dollar today.
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On a fiscal year-to-date basis (FYTD), the PKR has lost 1.89 percent against the US Dollar.
This comes after a deputy chief of Pakistan’s Inter-Services Intelligence (ISI) met currency exchange firms this week amid a sharp rupee decline, triggering a security crackdown on black market dollar trade, according to Chairman of the Exchange Companies Association of Pakistan Malik Bostan.
The move led to improved dollar supply and helped the rupee gain Rs. 1 in the open market on Thursday.
The ISI has not issued an official comment.
Other currencies
The PKR was red against some of the other major currencies in the interbank market today.
It gained 14 paisas against the UAE Dirham (AED) and 14 paisas against the Saudi Riyal (SAR).
Meanwhile, it gained 75 paisas against the Canadian Dollar (CAD).
The rupee lost 52 paisas against the Australian Dollar (AUD) in today’s interbank currency market.
It gained six paisas against the Euro (EUR) and 24 paisas against the British Pound (GBP).
DATE . July/25/2025
