Karachi, August 4, 2025 — The Pakistani rupee is on fire! In a stunning show of resilience, the rupee extended its winning streak for the ninth consecutive session against the US dollar in the interbank foreign exchange market on Monday.
Gaining another six paisas, the Pakistani rupee closed at PKR 282.66 per dollar—strengthening from last Friday’s closing of PKR 282.72.
Since July 22, 2025, the rupee has now appreciated a remarkable PKR 2.31, rallying from PKR 284.97 and igniting hopes of continued currency stability. Currency analysts are hailing this surge as a powerful reflection of government-backed crackdowns and the State Bank of Pakistan’s (SBP) aggressive efforts against illegal currency trading.
Even though Pakistan’s total liquid foreign exchange reserves dropped by $311 million to $19.607 billion during the week ending July 25, the Pakistani rupee has defied the odds. SBP’s own reserves fell by $153 million, while reserves held by commercial banks dipped by $158 million. Yet, market confidence remains unwavering.
Fueling the rally is a major trade agreement with the United States and historic remittances totaling $38.3 billion in FY 2024–25, representing a robust 26.6% year-on-year increase. Additionally, a 9.47% decline in the trade deficit for June, reported by the Pakistan Bureau of Statistics, has boosted optimism.
As investor confidence climbs, the Pakistani rupee continues to roar, reclaiming strength and spotlighting a promising exchange rate outlook for the weeks ahead.