KARACHI: Pakistan rupee posted marginal gain for another week as it appreciated by Re0.06 or 0.02 percent against the US dollar in the inter-bank market.
The local unit closed at 279.25, against 279.31 it had closed the week earlier against the greenback, according to the State Bank of Pakistan (SBP).
Pakistan recorded a current account surplus of USD427 million in February 2026.
However, on a cumulative basis, the country posted current account deficit of USD700 million during Jul-Feb FY26, compared to a surplus of USD479 million in the same period last fiscal year.
Foreign exchange reserves held by the SBP increased by USD13 million to USD16.35 billion during the week ended March 13. The central bank said the country’s total liquid foreign reserves stood at USD21.70 billion.
Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of several foreign currencies, witnessed a decline as it clocked in at 102.54 in February 2026, down from 103.30 in January 2026.
Open-market rates
In the open market, the PKR gained 13 paise for buying and 4 paise for selling against USD, closing at 279.40 and 280.32, respectively.
Against Euro, the PKR gained 1.39 rupee for both buying and selling, closing at 319.30 and 322.95, respectively. Against UAE Dirham, the PKR lost 2 paise for buying and 3 paise for selling, closing at 75.81 and 76.77, respectively.
Against Saudi Riyal, the PKR gained 4 paise for buying and lost 2 paise for selling, closing at 73.88 and 74.85, respectively.
=========================================
Weekly inter-bank market rates for dollar
=========================================
Bid Close Rs. 279.25
Offer Close Rs. 279.45
Bid Open Rs. 279.31
Offer Open Rs. 279.51
=========================================
Weekly open-market rates for dollar
=========================================
Bid Close Rs. 279.40
Offer Close Rs. 280.32
Bid Open Rs. 279.53
Offer Open Rs. 280.36
=========================================
Copyright Business Recorder, 2026
Comments
Comments are closed for this article.