Karachi, June 17, 2026: The Pakistani rupee remained largely stable against major foreign currencies in the open market on Wednesday, with the US dollar continuing to trade near the Rs279 mark. Exchange companies reported only minor fluctuations in rates as market activity remained steady.
According to the latest open market data, the US Dollar (USD) was available at around Rs279.05 for buying and Rs279.45 for selling. Meanwhile, the Saudi Riyal (SAR) was trading at approximately Rs74.30–74.90, while the UAE Dirham (AED) stood at around Rs76.00–76.75 in the open market.
Currency dealers noted that demand for Gulf currencies remains strong due to remittance inflows from overseas Pakistanis working in Saudi Arabia and the United Arab Emirates. The exchange rates of the Riyal and Dirham are closely linked to the movement of the US dollar, as both currencies are pegged to the greenback.
Financial analysts say the rupee’s performance continues to depend on factors such as foreign exchange reserves, remittance inflows, import payments, and overall market sentiment. The interbank dollar rate remains near Rs278, indicating relative stability in the foreign exchange market.
Latest Open Market Rates
| Currency | Buying (PKR) | Selling (PKR) |
|---|---|---|
| US Dollar (USD) | 279.05 | 279.45 |
| Saudi Riyal (SAR) | 74.30 | 74.90 |
| UAE Dirham (AED) | 76.00 | 76.75 |
Note: Exchange rates may vary slightly across cities and exchange companies.
