Pakistani Rupee Weakens Against US Dollar as Exchange Rates Shift Across Markets
Karachi – July 16, 2025: The Pakistani rupee continued its downward trend on Wednesday, declining by 23 paisa against the US dollar in the interbank market. The dollar closed at Rs284.90, compared to Rs284.67 on Tuesday, reflecting modest volatility amid regional economic uncertainty.
Currency analysts attribute the slight depreciation to a combination of global economic factors, cautious investor sentiment, and ongoing fluctuations in foreign exchange reserves.
The foreign exchange market opened with mixed trends, driven by varying demand and supply for foreign currencies. These changes come at a time when Pakistan’s economy remains heavily dependent on imports and foreign remittances, making the currency particularly sensitive to international financial movements.
Open Market Exchange Rates (July 16, 2025)
US Dollar (USD): Buying – Rs284.90 | Selling – Rs285.50
UAE Dirham (AED): Buying – Rs78.30 | Selling – Rs79.20
Saudi Riyal (SAR): Buying – Rs76.60 | Selling – Rs77.40
Euro (EUR): Buying – Rs336.00 | Selling – Rs339.50
British Pound (GBP): Buying – Rs387.00 | Selling – Rs392.00
The UAE Dirham and Saudi Riyal remain especially important for Pakistan’s remittance inflow, as a large portion of overseas workers are based in the Gulf. Their stable position reflects continued foreign remittance support despite currency volatility.
The strengthening of the Euro and British Pound further highlights Pakistan’s trade sensitivity with European markets, with implications for import costs, inflation, and overall economic activity.
Currency experts advise close monitoring of global cues, central bank policies, and geopolitical developments that could influence the foreign exchange landscape in the days to come.
