KARACHI: The Pakistani rupee posted marginal gain against the US dollar in the interbank market during the previous week.
The local unit ended the week at 278.50, with a gain of Re0.02 against 278.52 it had closed at the week earlier.
It was a shorter week for trading as the State Bank of Pakistan (SBP) remained closed from Tuesday through Thursday due to Eid-ul-Adha holidays.
In a move aimed at improving ease of doing business and facilitating foreign investment inflows into Pakistan, the SBP delegated powers related to the registration of shares issued or transferred to foreign investors to Authorised Dealers (ADs).
Foreign exchange reserves held by the SBP increased by USD66 million on a weekly basis.
The SBP said the country’s total liquid foreign reserves stood at USD22.65 billion as of May 22, 2026.
According to the break-up, foreign reserves held by the SBP were recorded at USD17.147 billion, while net foreign reserves held by commercial banks stood at USD5.499 billion.
Open-market rates
In the open market, the PKR gained 10 paise for buying and remained unchanged for selling against USD, closing at 278.73 and 279.56, respectively.
Against Euro, the PKR gained 4 paise for buying and 23 paise for selling, closing at 322.46 and 325.74, respectively.
Against UAE Dirham, the PKR gained 5 paise for both buying and selling, closing at 75.68 and 76.52, respectively.
Against Saudi Riyal, the PKR gained 10 paise for buying and 6 paise for selling, closing at 73.85 and 74.70, respectively.
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Weekly inter-bank market rates for dollar
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Bid Close Rs. 278.50
Offer Close Rs. 278.70
Bid Open Rs. 278.52
Offer Open Rs. 278.72
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Weekly open-market rates for dollar
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Bid Close Rs. 278.73
Offer Close Rs. 279.56
Bid Open Rs. 278.83
Offer Open Rs. 279.56
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Copyright Business Recorder, 2026
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