The Pakistani rupee (PKR) continued to show resilience in the foreign exchange market, posting gains against major currencies despite global economic uncertainty.
In the latest trading session, the rupee closed at 279.45 against the US dollar, marking its 111th consecutive day of trading in positive territory against the greenback. Analysts say this steady streak is notable given wider pressures on emerging market currencies recently.
The local currency also improved against other key currencies, including the British pound and the euro, as traders reacted to mixed global signals.
While some regional tensions and market fear have lifted the value of safe-haven currencies, the rupee has managed modest gains, supported by remittance inflows and sustained demand for local assets.
| Currency | Rate (Approx.) | Change |
|---|---|---|
| US Dollar (USD) | 279.45 | +0.01 |
| British Pound (GBP) | 373.57 | +3.06 |
| Euro (EUR) | 327.47 | +2.47 |
| Saudi Riyal (SAR) | 74.44 | +0.07 |
| UAE Dirham (AED) | 76.09 | +0.00 |
Economists say strong remittances, seasonal inflows from overseas workers, and careful central bank policy have helped the rupee stay relatively firm. Seasonal factors, such as higher money flows during the Islamic holy month of Ramadan and the upcoming Eid festival, could also support currency stability in the short term.
Despite this positive trend, some experts caution that structural challenges in the economy, including trade deficits and high import costs, can still exert pressure on the rupee if not addressed.
They add that ongoing geopolitical tensions and fluctuating oil prices abroad may influence currency markets in the weeks ahead.