Pakistani Rupee Hits 3-Month High Against US Dollar

The Pakistani Rupee (PKR) has marked a significant recovery, reaching its strongest position in three months against the US Dollar (USD). On Tuesday, the PKR appreciated by 05 paisa in the interbank market, closing at Rs. 281.96 compared to the previous day’s closing rate of Rs. 282.01, according to the State Bank of Pakistan (SBP).

This upward momentum reflects the positive impact of the government’s crackdown on the illegal dollar market and stricter measures against currency smuggling, which have stabilized foreign exchange flows in recent weeks.

• PKR’s Strongest Level in 3 Months – Closed at Rs. 281.96 against the USD.

• Euro Down by 04 Paisa – Now trading at Rs. 329.24.

• British Pound Falls by 82 Paisa – Closed at Rs. 381.01.

• Japanese Yen Slightly Lower – Closed at Rs. 190.

• Emirates Dirham & Saudi Riyal Weaken – Now at Rs. 76.76 and Rs. 75.13, respectively.

Positive Economic Sentiment

The rupee’s strength comes at a time when Pakistan is actively working to stabilize its economy. Market analysts suggest that the government’s decisive action against illegal currency trading and improved foreign inflows are boosting investor confidence.

Experts believe that maintaining strict oversight of exchange markets and continuing fiscal discipline will be crucial to sustaining this upward trend.

Impact on Imports and Inflation

The recovery of the PKR is expected to ease inflationary pressures by reducing the cost of imports, including petroleum products, machinery, and raw materials. This could provide much-needed relief to businesses and consumers struggling with high living costs.

Financial experts predict that the PKR may continue its gradual appreciation if:

• Foreign inflows remain steady

• The crackdown on the hawala and hundi network persists

• Economic reforms are consistently implemented

However, global oil prices and external debt repayments will remain key factors influencing the rupee’s performance in the upcoming weeks.