Karachi, September 12, 2025 – The Pakistani rupee ended the week on a stable note, registering a marginal gain in the interbank market as it closed at PKR 281.55 against the dollar, compared to the previous day’s settlement of PKR 281.56.
Though the improvement was slight, it reflected strengthened confidence in the local rupee.
Currency experts attributed this stability to the State Bank of Pakistan’s (SBP) strict supervision and the continued crackdown by law enforcement agencies on unauthorized dealers. These steps have effectively reduced speculative trading, ensuring a more transparent and orderly dollar market.
Additionally, steady inflows from overseas workers’ remittances and enhanced export receipts boosted liquidity. This helped offset the demand for the dollar by importers, which usually puts pressure on the rupee. Market watchers noted that such flows are vital for maintaining equilibrium in the interbank system.
Nevertheless, analysts warned that challenges remain. Rising import requirements, particularly in the aftermath of flood-related damages, may rekindle pressure on the rupee in the coming weeks. At the same time, optimism has been supported by the expected $1 billion disbursement from the International Monetary Fund (IMF), which would provide temporary relief and bolster foreign reserves.
The SBP also reported that Pakistan’s forex reserves edged up by $21 million, reaching $19.681 billion as of September 6, 2025, compared to $19.66 billion a week earlier. Though modest, the increase is seen as a positive sign for the country’s external account stability.