Karachi, August 8, 2025 – The Pakistani rupee continued its upward trajectory against the US dollar on Friday, supported by strong inflows from export earnings and workers’ remittances.
At the interbank foreign exchange market, the rupee appreciated by 9 paisas, settling at PKR 282.47 to the dollar compared to the previous close of PKR 282.56. Dealers attributed the gain to substantial foreign currency inflows, as well as the government’s and the State Bank of Pakistan’s (SBP) ongoing crackdown on illegal exchange companies, which has curbed speculative dollar trading.
Market sentiment remained buoyant after Pakistan reported more than $3 billion in receipts for July 2025, including $3.21 billion in workers’ remittances—a 7.4% year-on-year increase from $3 billion in July 2024.
However, analysts cautioned that the rupee’s stability faces headwinds from a rising import bill. The Pakistan Bureau of Statistics (PBS) revealed that imports surged to $5.45 billion in July 2025, marking a 29.25% jump from $4.22 billion in the same month last year and a 12.37% increase from June 2025.
On a brighter note, exports provided some relief, growing by 17% year-on-year to $2.70 billion in July 2025 from $2.31 billion in July 2024. Month-on-month, exports rose 9% from $2.48 billion in June.
Experts believe that a combination of improved export performance, steady remittance inflows, and tighter oversight of dollar transactions could help maintain a more stable rupee-dollar exchange rate, bolstering Pakistan’s foreign exchange reserves in the coming months.