KARACHI, April 15, 2025 — The Pakistani rupee registered a slight gain against the US dollar on Tuesday, supported by easing demand for foreign exchange in the import and corporate sectors.
The local currency closed at PKR 280.57 per dollar, appreciating modestly from the previous day’s closing rate of PKR 280.60 in the interbank foreign exchange market.
Currency analysts attributed the marginal improvement in the rupee’s position to reduced pressure from foreign payments, especially those related to import consignments and end-of-quarter corporate settlements. The relative calm in the market helped improve sentiment around the Pakistani currency.
Another key factor aiding the rupee’s stability is the country’s improving macroeconomic indicators. Recent data released by the State Bank of Pakistan (SBP) revealed a historic milestone in foreign inflows: Pakistani workers sent home a record $4.1 billion in remittances last month — the highest ever recorded in a single month. While this remarkable surge did not translate into a significant jump in the rupee’s value, it did help provide a cushion against downward pressure.
Analysts note that these inflows, coupled with signs of growing industrial activity, suggest a cautiously optimistic outlook for the Pakistani rupee. However, they warn that increased demand for raw materials could lead to a resurgence in import-related dollar purchases, which might put fresh pressure on the rupee in the days ahead.
External factors are also at play. A strengthening US dollar, driven by ongoing global trade uncertainties and geopolitical instability, has created headwinds for many emerging market currencies — including the Pakistani rupee. As the dollar gains strength internationally, it becomes harder for the local currency to maintain upward momentum.
Looking forward, analysts believe that the rupee’s performance will depend largely on continued financial inflows, including anticipated disbursements from the International Monetary Fund (IMF), and sustained growth in exports and remittances. “The Pakistani rupee has potential to stabilize, but consistent support from economic fundamentals and global confidence is crucial,” an analyst concluded.