KARACHI: The Pakistani rupee continued its marginal gains against the US dollar for another week, appreciating 0.03 percent in the inter-bank market.
The local unit closed at 277.00 against the greenback, a gain of Re0.07 from 277.07 it had closed at a week earlier, according to State Bank of Pakistan (SBP) data.
The International Monetary Fund (IMF) staff and Pakistan reached a staff-level agreement on the fourth review of the USD7-billion Extended Fund Facility (EFF) and the third review of the Resilience and Sustainability Facility (RSF), while completing the 2026 Article IV consultation.
The staff-level agreement is subject to approval by the IMF Executive Board. Upon approval, Pakistan will have access to about USD1.0 billion (SDR 760 million) under the EFF and about USD210 million (SDR 154 million) under the RSF, bringing total disbursements under the two arrangements to about USD5.7 billion.
Meanwhile, foreign exchange reserves held by the SBP increased by USD15 million week-on-week to USD21.45 billion as of October 2, 2026.
The inflow of overseas workers’ remittances into Pakistan stood at USD3.6 billion in September 2026. Remittances showed 12.7 percent increase on year-on-year basis from USD3.2 billion recorded in September 2025.
Open-market rates
In the open market, the PKR gained 35 paise for buying and 32 paise for selling against USD, closing at 277.52 and 278.69, respectively.
Against Euro, the PKR gained 1.59 rupee for buying and 1.90 rupee for selling, closing at 310.68 and 313.68, respectively.
Against UAE Dirham, the PKR lost 6 paise for buying and gained 10 paise for selling, closing at 75.57 and 76.16, respectively.
Against Saudi Riyal, the PKR gained 7 paise for buying and 6 paise for selling, closing at 73.89 and 74.41, respectively.
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Weekly Interbank market rates for dollar
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Bid Close Rs. 277.00
Offer Close Rs. 277.20
Bid Open Rs. 277.07
Offer Open Rs. 277.27
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Weekly Open market rates for dollar
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Bid Close Rs. 277.52
Offer Close Rs. 278.69
Bid Open Rs. 277.87
Offer Open Rs. 279.01
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Copyright Business Recorder, 2026
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