Karachi, February 4, 2026 – The Pakistani rupee strengthened by 3 paisa against the US dollar on Wednesday, supported by robust inflows from export receipts and workers’ remittances.
According to the State Bank of Pakistan (SBP), the interbank dollar closed at Rs279.72, up from Rs279.75 recorded in the previous session.
Currency dealers said the modest appreciation of the rupee was largely due to seasonal inflows of remittances from overseas Pakistani workers and a significant increase in export proceeds. With the holy month of Ramazan approaching, many expatriate Pakistanis send funds to their families to meet household and festive expenses, boosting demand for the local currency.
Export performance also played a key role, with exports in January 2026 showing a growth of 35% compared to the previous month. This strong performance improved market sentiment, providing additional support to the rupee in the interbank foreign exchange market.
Economists believe the gradual recovery in the rupee’s value is likely to continue over the coming days, citing weaker demand in both international and local markets as a supporting factor. Analysts also noted that sustained remittance inflows and export growth would help stabilize the currency, benefiting importers, exporters, and consumers alike.
Market watchers are keeping a close eye on upcoming economic indicators, as well as global currency trends, to assess the sustainability of the rupee’s recovery amid fluctuating international exchange rates.