In Monday’s interbank session, the Pakistani rupee (PKR) experienced a marginal appreciation of 1.07 paisa against the US dollar, settling the trade at PKR 277.94 per USD, compared to the previous session’s closing of PKR 277.95 per USD. The currency witnessed an intraday high (bid) of 278.15 and a low (ask) of 278.05.


Country (Symbol)Rate
United States (USD)277.94
Eurozone (EUR)299.75
United Kingdom (GBP)350.74
Japan (JPY)1.8362
United Arab Emirates (AED)75.68
Saudi Arabia (SAR)74.10
Australia (AUD)181.34
Canada (CAD)205.43

In the open market, exchange companies quoted the dollar at PKR 277.80 for buying and PKR 278.00 for selling.

Compared to major currencies, the PKR exhibited mixed trends:

  • Against the Euro, PKR lost 19.69 paisa, closing at 299.75 compared to the previous value of 299.56.
  • The British Pound became cheaper by 12.48 paisa, closing at 350.74 compared to 350.87 from a day ago.
  • The Swiss Franc saw gains of 12.5 paisa, closing at 308.41 compared to 308.28 from the previous session.
  • Against the Japanese Yen, PKR closed stable at 1.8362.
  • The Chinese Yuan lost 3.37 paisa, closing at 38.44 against 38.48 from the previous session.
  • The Saudi Riyal closed at 74.11 with a loss of 0.39 paisa from its value of 74.11 a day ago.
  • The U.A.E Dirham decreased in value by 0.39 paisa from 75.68 a day ago to 75.69.

During the current financial year, PKR has appreciated against the Dollar by 8.05 rupees or 2.9%. Meanwhile, the current calendar year has seen PKR appreciate by 3.92 rupees or 1.41%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched up by 1 basis point to 21.46% and 21.71%.

Moreover, the State Bank of Pakistan (SBP) conducted a reverse repo and Shariah-compliant Modarabah-based Open Market Operation (OMO) today, injecting a total of Rs417 billion into the market, entirely through reverse repo OMO.


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