KARACHI: Pakistan rupee posted marginal gain for another week as it appreciated by Re0.09 or 0.03% against the US dollar in the inter-bank market.
The local unit closed at 280.02, against 280.11 it had closed the week earlier against the greenback, according to the State Bank of Pakistan (SBP).
The inflow of overseas workers’ remittances into Pakistan stood at $3.59 billion in December 2025, SBP data showed. Remittances increased by nearly 16.5% year-on-year (YoY), compared to $3.1 billion recorded in the same month last year. Monthly remittances were up by 13%, compared to $3.2 billion in November.
The SBP on announced the shortlisted applicants for the first cohort of its Regulatory Sandbox, a key initiative under its Vision 2028 to promote innovation in digital financial services.
The central bank said it had launched the Regulatory Sandbox with the issuance of guidelines in May 2025, followed by the announcement of the first cohort in August 2025. The central bank invited applications under three themes: technology-enabled solutions for inward remittances, open banking, and remote onboarding of merchants.
The SBP reported that its foreign exchange reserves increased by $141 million during the week ending January 2, reaching $16.056 billion. Net reserves held by commercial banks stood at $5.137 billion, taking the country’s total liquid foreign reserves to $21.192 billion.
Open-market rates
In the open market, the PKR gained 14 paise for buying and 10 paise selling against USD, closing at 280.40 and 281.05, respectively. Against Euro, the PKR gained 2.01 rupees for buying and 1.80 rupee for selling, closing at 326.68 and 329.82, respectively.
Against UAE Dirham, the PKR gained 2 paise for buying and 5 paise for selling, closing at 76.49 and 77.22, respectively. Against Saudi Riyal, the PKR lost 2 paise for buying and gained 2 paise for selling, closing at 74.82 and 75.40, respectively.
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Weekly inter-bank market rates for dollar
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Bid Close Rs. 280.02
Offer Close Rs. 280.22
Bid Open Rs. 280.11
Offer Open Rs. 280.31
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Weekly open-market rates for dollar
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Bid Close Rs. 280.40
Offer Close Rs. 281.05
Bid Open Rs. 280.54
Offer Open Rs. 281.15
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Copyright Business Recorder, 2026
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