KARACHI, August 6, 2025 – The Pakistani rupee on Wednesday ended its impressive 10-day rally against the US dollar, slipping by 10 paisas in the interbank market amid mounting pressure from rising import payments.
According to data from the interbank foreign exchange market, the rupee closed at PKR 282.67 against the dollar, compared to the previous day’s closing of PKR 282.57. Despite today’s decline, the rupee has gained a cumulative PKR 2.30 against the dollar since July 22, when the exchange rate was recorded at PKR 284.97.
Currency market analysts said the dip in the rupee’s value was largely due to a sharp increase in the country’s import bill. Data released by the Pakistan Bureau of Statistics (PBS) showed that Pakistan’s imports surged to $5.45 billion in July 2025, up by 29.25% from $4.22 billion in July 2024. On a month-on-month basis, imports rose 12.37% from $4.85 billion in June 2025.
However, there was some positive news as well. Pakistan’s exports grew by 17% year-on-year in July 2025, reaching $2.70 billion, compared to $2.31 billion in July 2024. Month-on-month, exports were up 9% from $2.48 billion in June 2025.
Analysts remain cautiously optimistic, noting that the rupee may find support from rising exports, steady inflows of remittances, and ongoing government action against illegal currency exchange operators—factors that could help stabilize the rupee-dollar parity in the near term.