Karachi, September 15, 2025 – The Pakistani rupee registered a slight improvement against the US dollar in the interbank foreign exchange market on Monday.
The local currency appreciated by three paisas, closing at PKR 281.52 per dollar compared to last Friday’s rate of PKR 281.55 in the interbank market.
Although the change was marginal, it signaled growing confidence in the stability of the rupee. Market observers credited the improvement to the State Bank of Pakistan’s (SBP) strict oversight, coupled with ongoing enforcement actions against unauthorized currency dealers. These measures have curbed speculative trading, leading to greater transparency and order in the interbank system.
In addition, steady inflows from overseas workers’ remittances and a rise in export earnings provided much-needed liquidity. This supply of foreign exchange helped absorb the demand pressure created by importers, who typically drive up dollar requirements in the interbank market.
Experts, however, cautioned that the outlook remains mixed. Rising import needs, especially after recent flood-related damages, could reignite pressure on the rupee in the near future. Still, optimism is bolstered by the anticipated $1 billion disbursement from the International Monetary Fund (IMF), which is expected to strengthen foreign reserves and ease short-term volatility.
According to SBP data, Pakistan’s forex reserves increased modestly by $21 million, reaching $19.681 billion as of September 6, 2025. Analysts say this slight rise, though small, is encouraging for the country’s external balance and currency stability.