Karachi, September 11, 2025 – The interbank foreign exchange market closed Thursday with a minor improvement in the value of the Pakistani rupee against the US dollar.
The rupee appreciated by 4 paisas, settling at PKR 281.56 per dollar, compared to the previous day’s closing of PKR 281.60 in the interbank market.
Currency analysts explained that this modest gain was supported by the State Bank of Pakistan’s (SBP) vigilant monitoring and decisive measures, alongside actions by law enforcement agencies against unauthorized currency dealers. By curbing speculative activities and tightening oversight, the SBP has helped stabilize sentiment in the interbank exchange market.
Market observers highlighted that a steady flow of workers’ remittances and improved export receipts also contributed to the rupee’s resilience. These inflows provided much-needed liquidity in the interbank market, helping balance demand for dollars from importers.
Despite this positive trend, experts cautioned that pressure on the local currency could resurface. Pakistan continues to face higher import requirements due to the damages caused by recent floods, which may increase demand for foreign exchange in the weeks ahead.
Furthermore, optimism in the interbank market has been buoyed by expectations of an upcoming $1 billion disbursement from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF). Analysts believe that the inflow will temporarily strengthen foreign reserves and support the rupee’s stability.
Overall, while Thursday’s closing reflected a positive movement, the rupee’s medium-term outlook remains sensitive to external financing and import-driven pressures.