Karachi, April 22, 2026 – The Pakistani rupee posted a modest gain against the US dollar on Wednesday, supported by strong foreign inflows and improved market sentiment, according to data released by the State Bank of Pakistan.
The rupee appreciated by 3 paisa to close at Rs278.87 per dollar in the interbank foreign exchange market, compared with the previous day’s closing of Rs278.90. Analysts attributed the currency’s strengthening to recent financial inflows, including a $3 billion deposit from Saudi Arabia and proceeds from a successful Eurobond issuance.
Market experts noted that these inflows have provided much-needed support to Pakistan’s external account, helping stabilize the currency in recent sessions. The rupee has largely remained stable over the past few months, underpinned by relatively comfortable foreign exchange reserves.
However, pressures persist on the external sector due to ongoing debt repayments, including Eurobond maturities and obligations to the United Arab Emirates. Despite these outflows, the recent financial support from friendly countries is expected to ease short-term liquidity concerns.
Analysts further highlighted that steady inflows of workers’ remittances and export earnings have strengthened market confidence, enabling Pakistan to meet its import payment requirements more effectively.
Looking ahead, currency dealers expect the rupee to maintain a stable trajectory, provided that inflows continue and external obligations remain manageable, offering cautious optimism for Pakistan’s fragile economic outlook.