Pakistani Rupee Remains Stable against US dollar, Euro, Pound and other currencies.
The Pakistani rupee maintained its stability against the US dollar and other major currencies in the open market, reflecting the country’s improving economic outlook.
Read More: SBP Names Banks Responsible for Increase in US Dollar Rates
The stability is attributed to a number of factors, including:
- Rising exports: Pakistan’s exports have been steadily increasing in recent months, boosted by strong demand for its textiles and other products.
- Improving investor sentiment: Investor confidence in Pakistan has been improving, as evidenced by a rise in foreign investment inflows.
- Strong foreign exchange reserves: Pakistan’s foreign exchange reserves have been increasing, providing a buffer against any external shocks.
| Currency | Symbol | Buying | Selling |
| US Dollar | USD | 285.15 | 287.95 |
| Euro | EUR | 309.9 | 310.5 |
| UK Pound Sterling | GBP | 359.4 | 360.05 |
| U.A.E Dirham | AED | 77.45 | 77.6 |
| Saudi Riyal | SAR | 75.82 | 75.97 |
| Australian Dollar | AUD | 187.72 | 188.22 |
| Bahrain Dinar | BHD | 759.94 | 767.94 |
| Canadian Dollar | CAD | 209.99 | 210.49 |
| China Yuan | CNY | 39.78 | 39.88 |
| Danish Krone | DKK | 41.95 | 42.05 |
| Hong Kong Dollar | HKD | 36.38 | 36.48 |
| Indian Rupee | INR | 3.39 | 3.5 |
| Japanese Yen | JPY | 1.49 | 1.56 |
| Kuwaiti Dinar | KWD | 926.39 | 935.39 |
| Malaysian Ringgit | MYR | 60.38 | 60.98 |
| New Zealand Dollar | NZD | 173.44 | 175.44 |
| Norwegians Krone | NOK | 26.25 | 26.55 |
| Omani Riyal | OMR | 742.16 | 750.18 |
| Qatari Riyal | QAR | 78.5 | 79.2 |
| Singapore Dollar | SGD | 212.45 | 212.95 |
| Swedish Korona | SEK | 27.09 | 27.19 |
| Swiss Franc | CHF | 325.38 | 325.88 |
| Thai Bhat | THB | 8.05 | 8.09 |
These exchange rates are indicative only and may vary depending on the market conditions.
In addition to the above-mentioned factors, the State Bank of Pakistan (SBP) has also been playing a role in stabilizing the rupee by intervening in the foreign exchange market. The SBP has been buying and selling dollars to smooth out any fluctuations in the exchange rate.
Read More: PKR Exchange Rates Today
The stability of the rupee is a positive sign for the Pakistani economy, as it will help to reduce inflation and boost investor confidence. The government is committed to maintaining economic stability and is taking steps to improve the country’s economic fundamentals.
Additional Points to Note:
- The Pakistani rupee has been relatively stable in recent months, despite the global economic uncertainty.
- The government’s policies are aimed at promoting economic growth and stability.
- The Pakistani economy is expected to continue to grow in the coming years.
Note: The information above might not be accepted 100%. Please verify from your own sources. We will not be responsible for any kind of loss due to our content.
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