Karachi, December 5, 2025 – The Pakistani rupee recorded another day of stability and improvement in the interbank market, with the US dollar slipping further ahead of the highly anticipated $1.2 billion tranche from the International Monetary Fund (IMF) expected next week.
According to the State Bank of Pakistan (SBP), the dollar depreciated by 3 paisa, closing at Rs280.42 compared to Thursday’s closing rate of Rs280.45. Although the movement appears marginal, currency experts consider it a positive indicator of improving sentiment in the foreign exchange market.
Currency dealers observed that Fridays typically witness heavy activity from importers, but today importers remained cautious due to expectations of further rupee appreciation. On the other hand, exporters continued selling dollars in the market to secure favorable exchange rates, adding to the supply of foreign currency.
The IMF Executive Board is scheduled to review Pakistan’s loan program on December 8, where approval of the $1.2 billion installment is widely expected. If approved, the SBP is likely to receive the funds the very next day, boosting external financing and improving the country’s economic outlook.
Analysts believe that the disbursement of this IMF tranche will further strengthen Pakistan’s foreign exchange reserves, stabilize market expectations, and support the rupee against the dollar. Improved reserve levels are also expected to ease pressure on the exchange rate and enhance overall macroeconomic stability.