Islamabad, July 17, 2025: The Pakistani Rupee (PKR) continued its downward trend against the US Dollar (USD) for the second straight day, closing weaker in the interbank market on Thursday. However, the local currency showed resilience by gaining strength against the British Pound (GBP) and several other global currencies.
According to today’s interbank data, the dollar rate in Pakistan hovered around Rs. 285 for most of the session before settling at Rs. 284.96 by close. The open market dollar rate stayed between Rs. 287 and Rs. 290, with some exchange dealers in Islamabad quoting the greenback at Rs. 290.
GBP to PKR Sees Notable Drop in Open Market
In contrast to the dollar, the GBP to PKR rate dropped significantly in the open market. The Exchange Companies Association of Pakistan (ECAP) reported a buying rate of Rs. 385, while major currency dealers sold the pound as high as Rs. 389 in key cities. This represents a noticeable recovery of the rupee against the British currency.
Performance Against Other Major Currencies
While the PKR weakened against the USD, it remained firm or improved against several other major currencies today:
- Stable vs. UAE Dirham (AED) & Saudi Riyal (SAR)
- +45 paisas vs. Canadian Dollar (CAD)
- +Rs. 1.72 vs. Australian Dollar (AUD)
- +78 paisas vs. Euro (EUR)
- +38 paisas vs. British Pound (GBP)
On a fiscal year-to-date (FYTD) basis, the Pakistani rupee has depreciated by 2.14% against the US Dollar.
Read More: Rupee Hits 290 vs US Dollar in Open Market
Despite ongoing pressure against the USD, the Pakistani Rupee shows signs of resilience in broader currency markets, especially with gains against GBP and AUD. Market watchers suggest keeping an eye on upcoming policy decisions and external inflows that may impact the dollar rate in Pakistan.
