Islamabad, June 18, 2025: The Pakistani Rupee (PKR) showed mixed movement in the currency market on Wednesday, recording a slight drop against the US Dollar (USD) while making notable gains against the British Pound (GBP) and several other foreign currencies.
Throughout the trading session, the interbank exchange rate hovered between 283 and 284 against the dollar, eventually settling at 283.55, reflecting a modest day-on-day depreciation of 0.05% or 14 paisas. In the open market, the dollar remained stable, trading between 284 and 287.
Conversely, the rupee surged against the British Pound, gaining a strong Rs. 2.67. The GBP, which floated near 388 PKR for most of the day, ended the session between 384 and 386 in the open market.
On a fiscal year-to-date (FYTD) basis, the local currency has now weakened by 1.76% against the greenback. However, today’s performance reflects signs of resilience, especially against European and Commonwealth currencies.
PKR Movement Against Major Currencies:
- UAE Dirham (AED): Down by 3 paisas
- Saudi Riyal (SAR): Down by 3 paisas
- Canadian Dollar (CAD): Up by Rs. 1.27
- Australian Dollar (AUD): Up by Rs. 1.07
- Euro (EUR): Up by Rs. 1
- British Pound (GBP): Up by Rs. 2.67
The PKR’s recovery against GBP and Euro highlights positive sentiment in parts of the forex market, offering a hopeful outlook for the rupee if external pressures ease in the coming weeks.
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