Pakistani Rupee Holds Steady at Rs 277.85 Against US Dollar as State Bank Issues July 28 Exchange Rates

KARACHI — The Pakistani Rupee (PKR) maintained a disciplined and stable trajectory on Monday, with the State Bank of Pakistan (SBP) marking the interbank exchange rate for the US Dollar (USD) at Rs 277.8522. Key expatriate remittance corridors—vital drivers of Pakistan’s foreign exchange reserves—exhibited steady positioning, with the Saudi Riyal (SAR) settling at Rs 74.0130 and the UAE Dirham (AED) exchanging at Rs 75.6554. Among Gulf Cooperation Council (GCC) denominations, the Kuwaiti Dinar (KWD) remained the most expensive currency at Rs 902.2639, followed by the Bahraini Dinar (BHD) at Rs 736.7739 and the Qatari Riyal (QAR) at Rs 76.2126. Meanwhile, major western currencies also held steady performance metrics, with the British Pound (GBP) closing at Rs 369.5712, the Euro (EUR) at Rs 315.9179, the Canadian Dollar (CAD) at Rs 196.8558, the Australian Dollar (AUD) at Rs 193.6768, and the Japanese Yen (JPY) at Rs 1.6959, reinforcing consistent financial inflows across diverse global markets.