Karachi, April 10, 2025 – The Pakistani rupee made a notable recovery against the US dollar on Thursday, buoyed by easing global trade tensions and renewed optimism over the country’s economic prospects.
In the interbank foreign exchange market, the Pakistani rupee appreciated by 22 paisas, closing at PKR 280.56 against the dollar, compared to the previous day’s close of PKR 280.78. This positive movement comes as a relief after recent fluctuations driven by international trade uncertainties.
Currency analysts attributed the rupee’s resurgence to the decision by the US President to delay the global implementation of new tariffs. This move helped reduce immediate pressure on emerging markets, including Pakistan, whose currency had been under strain due to earlier tariff announcements.
Adding to the positive sentiment, the Pakistani government dispatched a high-level delegation to Washington to engage in dialogue with US officials regarding the tariffs. Experts believe this diplomatic initiative may yield favorable outcomes, helping to stabilize the trade environment and bolster investor confidence in the Pakistani rupee.
Furthermore, the Asian Development Bank’s recent forecast of a 2.5% GDP growth rate for Pakistan in 2025 contributed to the strengthening of the rupee. The report offered a measure of reassurance to investors and market participants, suggesting a gradual economic recovery is underway despite existing challenges.
Earlier this week, the Pakistani rupee had faced downward pressure due to the initial impact of new US-imposed tariffs. However, Thursday’s rebound is seen as a corrective response, driven by shifting global sentiment and proactive domestic policy steps.
Looking ahead, market experts expect the rupee to remain relatively range-bound in the near term. While improved export figures and steady remittance inflows could support the currency, analysts remain cautious. They warned of potential volatility stemming from import-related pressure as the country prepares for the 2025–26 federal budget.
Despite short-term uncertainties, today’s appreciation of the Pakistani rupee has been welcomed as a sign of resilience in the face of external headwinds, reflecting both global and domestic efforts to maintain economic stability.