Karachi, January 19, 2026 – The Pakistani rupee (PKR) posted a slight gain against the US dollar (USD) on Monday, strengthening by 3 paisa in the interbank foreign exchange market amid subdued demand from importers.
According to data released by the State Bank of Pakistan (SBP), the US dollar eased to Rs279.92, compared with the previous closing rate of Rs279.95 recorded last Friday. Currency dealers noted that the marginal appreciation of the rupee was largely due to weak dollar demand from importers, as lower import activity reduced pressure on the local currency.
Market participants said exporters also contributed to the rupee’s stability by selling their dollar holdings in anticipation of a gradual easing in the greenback’s value. This increased dollar supply in the interbank market, providing additional support to the local currency.
Dealers further pointed out that improving foreign exchange reserves and steady inflows of workers’ remittances helped strengthen market confidence in the rupee. These factors have played a key role in maintaining balance in the foreign exchange market despite ongoing global economic uncertainties.
Economists believe that positive macroeconomic indicators, including controlled inflation, a stable current account position, and easing pressure on external financing, have supported the rupee’s performance. They expect the Pakistani currency to remain largely stable in the coming days, provided there are no major external shocks or sudden spikes in import demand.
The interbank market is likely to continue reflecting cautious trading as investors and businesses closely monitor global currency trends and domestic economic developments.