Karachi, September 9, 2025 – The Pakistan rupee made a marginal gain against the US dollar at the close of trading in the interbank foreign exchange market on Tuesday.
The rupee settled at PKR 281.61 per dollar, slightly firmer compared to the previous day’s closing of PKR 281.62.
Currency market observers highlighted that this stability reflects growing confidence in the financial system. They noted that a combination of regulatory oversight and favorable economic signals has allowed the rupee to hold steady. The State Bank of Pakistan (SBP), working closely with enforcement agencies, has intensified its crackdown on illegal money changers, curbing speculative trades that often undermine the rupee’s value.
A modest but steady improvement in foreign exchange reserves has also supported the rupee. Official figures showed reserves rising by $42 million during the week ending August 29, 2025, reaching $19.66 billion. Analysts remarked that while the increase is small, it nevertheless bolsters sentiment and reassures markets about Pakistan’s external financing capacity.
Additional support has come from higher remittances and improved export proceeds, both of which have eased pressure on the balance of payments. Experts argue that such inflows play a crucial role in maintaining the rupee-dollar parity in a challenging global environment.
However, risks persist. Flood-related damages and rising import needs could strain the rupee in the coming weeks. Still, the anticipated release of $1 billion under the IMF’s Extended Fund Facility (EFF) later this month is expected to provide much-needed stability, reinforcing the rupee’s resilience against the dollar.