KARACHI: The Pakistani rupee continued to post marginal gains against the US dollar, appreciating 0.03 percent or Re0.07 in the inter-bank market during the previous week.
The local unit closed the week at 278.70, against 278.77 it had closed against the dollar a week earlier.
The central bank said the country’s financial system maintained steady performance and resilience during calendar year 2025, supported by improving macroeconomic conditions, stronger capital buffers and easing inflation. In its annual Financial Stability Review 2025, SBP said the financial sector expanded by 15.1% during the year, while financial depth, measured by the assets-to-GDP ratio, increased to 67.1 percent. It said risks to financial stability subsided during the year under review.
READ MORE: The Rupee: Upward trend
Meanwhile, the foreign exchange reserves held by the SBP increased by USD23 million to USD15.85 billion during the week ended on April 30, 2026. The total liquid foreign reserves held by the country stood at $21.29 billion, including USD5.44 billion held by commercial banks.
Pakistan is expected to access Chinese capital markets for the first time through a yuan-denominated bond this week, as per Finance Minister Muhammad Aurangzeb.
Open-market rates
In the open market, the PKR gained 9 paise for buying and 12 paise for selling against USD, closing at 279.14 and 279.93, respectively.
Against Euro, the PKR lost 1.48 rupee for buying and 1.42 rupee for selling, closing at 327.40 and 330.51, respectively.
Against UAE Dirham, the PKR gained 9 paise for buying and 8 paise for selling, closing at 75.98 and 76.81, respectively.
Against Saudi Riyal, the PKR gained 4 paise for buying and remained unchanged for selling, closing at 74.33 and 75.08, respectively.
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Weekly inter-bank market rates for dollar
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Bid Close Rs. 278.70
Offer Close Rs. 278.90
Bid Open Rs. 278.77
Offer Open Rs. 278.97
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Weekly open-market rates for dollar
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Bid Close Rs. 279.14
Offer Close Rs. 279.93
Bid Open Rs. 279.23
Offer Open Rs. 280.05
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Copyright Business Recorder, 2026
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