KARACHI – August 18, 2025: The Pakistani Rupee demonstrated modest strength in Monday’s trading session, closing marginally higher against the US Dollar in interbank markets. On August 18, 2025, at 5:58 PM Pakistan Standard Time, the PKR-USD exchange rate settled at 282.02, representing a small gain of 4 paisa (0.01%) compared to Thursday’s closing rate of 282.06.
USD to PKR: US Dollar Rate in Pakistan- Daily Updates
Daily Trading Activity and Market Performance
During Monday’s session, the rupee experienced typical market volatility with the bid price reaching a session high of 282.1 and the ask price touching 284.9 before stabilizing at the close. Open market currency dealers maintained buying rates at PKR 282.10 per dollar while selling rates stood at PKR 285.00.
Cross-Currency Exchange Rate Movements
The Pakistani currency showed mixed performance against other international currencies throughout the trading day:
European Currencies:
- Euro (EUR): PKR weakened 85 paisa (0.24%) to close at 354.99
- British Pound (GBP): PKR strengthened 5 paisa (0.01%) to reach 377.25
- Swiss Franc (CHF): PKR declined 38.80 paisa (0.11%) ending at 368.56
Asian and Middle Eastern Currencies:
- Japanese Yen (JPY): PKR gained marginally by 0.01 paisa (0.01%) to 1.9698
- Chinese Yuan (CNY): PKR dropped 3.30 paisa (0.08%) to 40.15
- Saudi Riyal (SAR): PKR rose 1.60 paisa (0.02%) to 76.23
- UAE Dirham (AED): PKR increased 1.50 paisa (0.02%) to 77.81
Money Market Stability
Pakistan’s money market maintained steady conditions with the 6-month Karachi Interbank Bid Rate (KIBOR) remaining unchanged at 10.72% and the corresponding offer rate holding at 10.97%.
Annual Performance Analysis
Year-to-date statistics reveal the Pakistani Rupee has lost 7.51 rupees (2.66%) against the US Dollar, while the current fiscal year shows a minimal decline of 12.26 paisa (0.04%). Monday’s positive movement suggests ongoing currency resilience despite broader economic pressures.
Economic Implications for Pakistan
Benefits for Citizens and Businesses
Today’s rupee appreciation, though modest, delivers several potential advantages for Pakistan’s economy and population. Import-dependent sectors may experience slightly lower costs for essential commodities including petroleum products and food items, which could help moderate inflation rates and protect consumer spending power.
Pakistani businesses engaged in international trade may see reduced operational expenses, potentially leading to more stable pricing strategies and employment levels. Workers’ families receiving remittances from abroad will benefit from marginally higher value transfers, providing additional support for household finances.
Government Fiscal Position
While the improvement offers limited relief for Pakistan’s external debt obligations, any rupee strengthening helps reduce the local currency cost of foreign debt servicing. This minor positive development provides temporary breathing room for fiscal management.
Market Transparency and Decision Making
Continued access to real-time currency information remains crucial for businesses, investors, and policymakers to make well-informed economic decisions in Pakistan’s evolving financial landscape.
The US Dollar maintains its position as the world’s primary reserve currency, influencing global trade patterns, while the Pakistani Rupee, under State Bank of Pakistan oversight, continues adapting to changing economic conditions as of August 18, 2025.