Karachi, July 22, 2025 — The Pakistani rupee recorded a marginal decline against the US dollar on Tuesday, reflecting a slight shift in interbank market dynamics.
At the close of the session, the rupee stood at PKR 284.97, losing two paisas from the previous day’s rate of PKR 284.95.
Currency dealers attributed the rupee’s soft depreciation to a modest uptick in dollar demand from importers and corporate clients. However, they emphasized that the movement was minimal and did not indicate any major shift in overall market trends. The interbank rupee exchange remained largely stable, supported by positive macroeconomic indicators and improved market sentiment.
Financial analysts pointed out that adequate foreign exchange liquidity, coupled with remittance inflows and enhanced confidence in economic management, continues to anchor the Pakistani rupee. The State Bank of Pakistan (SBP) recently reported a slight decline in the country’s overall foreign reserves, which fell to $19.957 billion as of July 11, 2025 — down from $20.029 billion the week before. However, the SBP’s own reserves witnessed a $24 million increase, reaching $14.526 billion, reflecting a degree of resilience in the central bank’s holdings.
Another major contributor to rupee stability has been the strong flow of remittances from overseas Pakistanis. During FY 2024–25, remittance inflows rose sharply to $38.3 billion, marking a 26.6% increase over the previous year. These foreign inflows have played a critical role in supporting the rupee, helping to bridge the external financing gap and ease dollar pressure.
Additionally, a 9.47% reduction in the trade deficit for June 2025, as reported by the Pakistan Bureau of Statistics (PBS), has contributed to a favorable economic outlook. Experts maintain that sustained inflows, cautious borrowing, and consistent monetary policies will be key in ensuring the Pakistani rupee remains stable in the months ahead.