Karachi, September 17, 2025 – The Pakistani rupee gained marginal ground against the US dollar on Wednesday, closing at PKR 281.50 in the interbank foreign exchange market.
Compared with the previous day’s closing of PKR 281.51 per dollar, the rupee showed an improvement of one paisa, a modest but symbolic gain for currency stability.
Market participants noted that while the change in parity was minor, it reflects growing confidence in the resilience of the rupee. Analysts credited the State Bank of Pakistan (SBP) for maintaining strict oversight of the forex market and tightening action against unauthorized money changers. These measures have discouraged speculative trading, which often undermines the value of the rupee against the dollar.
Another supporting factor has been steady inflows from overseas workers’ remittances along with stronger export earnings. These inflows have provided a cushion of foreign exchange liquidity to meet rising dollar demand from importers, helping stabilize the interbank market.
Experts, however, caution that pressure on the rupee may persist in the medium term. Higher import requirements, particularly after the recent flood-related damages, could add strain on foreign reserves. Nonetheless, optimism remains due to the expected $1 billion tranche from the International Monetary Fund (IMF), which is likely to strengthen reserves and reduce volatility.
According to the latest SBP data, Pakistan’s foreign exchange reserves rose by $21 million, reaching $19.681 billion as of September 6, 2025. Economists believe even small improvements in reserves provide support for the rupee and reinforce confidence in Pakistan’s external stability.