ISLAMABAD – The Pakistani rupee (PKR) recorded a notable recovery on Tuesday, gaining against the British Pound (GBP) and posting modest gains against most major currencies.
In the interbank market, the rupee held steady around 285/$ for most of the day, eventually closing at 284.67 after gaining four paisas against the US Dollar. Open market rates stayed between Rs. 286-289/$, while some sellers quoted Rs. 290/$ in parts of the federal capital.
The biggest change was seen in the GBP rate, which dropped to Rs. 386-390 in the open market. According to the Exchange Companies Association of Pakistan (ECAP), the buying rate for GBP was Rs. 386, while selling hovered around Rs. 390 in major cities.
Overall, the PKR remained stable against the dollar and appreciated against several other currencies:
✅ +Rs. 1.21 against the British Pound (GBP)
✅ +1 paisa against the Euro (EUR)
✅ +21 paisas against the Canadian Dollar (CAD)
✅ +17 paisas against the Australian Dollar (AUD)
✅ +1 paisa against UAE Dirham (AED) & Saudi Riyal (SAR)
Despite today’s gains, the rupee is still down 2.04% against the USD on a fiscal year-to-date basis.
Currency analysts say the recovery was supported by improved sentiment in the interbank market and reduced demand pressure from importers.
