Karachi, March 27, 2026 – The Pakistani rupee has gained 30 paisa against the US dollar since the outbreak of the Iran war on February 28, 2026, demonstrating resilience despite rising global uncertainties.
Data released by the State Bank of Pakistan showed that the interbank dollar rate stood at Rs279.17 on March 27, 2026, compared to Rs279.47 on February 27, 2026. While many regional and global currencies depreciated during the Middle East conflict, the Pakistani rupee has managed to remain comparatively stable.
The recent rupee strength comes despite a surge in global oil and commodity prices, which has increased Pakistan’s import bill, given its heavy reliance on petroleum products to meet domestic energy needs. Analysts attributed the rupee’s relative stability to higher workers’ remittances, increased export receipts, and a steady level of foreign exchange reserves, which have collectively supported the local currency.
Currency experts, however, cautioned that the outlook remains vulnerable. “If the Iran war prolongs or escalates further, Pakistan’s external sector may face added pressure, which could dampen the rupee’s strength,” they noted.
Despite short-term gains, the rupee’s trajectory will largely depend on regional stability, global oil price trends, and Pakistan’s ability to maintain balanced trade flows and foreign currency inflows. Policymakers continue to monitor developments closely, aiming to safeguard macroeconomic stability and ensure that foreign exchange reserves remain at sustainable levels.
This resilience of the rupee has been seen as a positive signal for traders, importers, and exporters navigating a volatile global environment.