KARACHI: Pakistan rupee recorded another positive week as it gained Re0.16 or 0.05 percent against the US dollar in the inter-bank market.
The local unit closed at 281.90, against 282.06 it had closed the week earlier against the greenback, according to the State Bank of Pakistan (SBP).
Pakistan’s current account posted a deficit of $254 million in July 2025, data released by the SBP showed. The deficit followed a surplus of $328 million recorded in June 2025.
The Asian Development Bank (ADB) approved a $410 million financing package to help develop Pakistan’s Reko Diq copper mine, one of the world’s largest untapped deposits, which will be operated by Barrick Gold.
Meanwhile, foreign exchange reserves held by the SBP rose by $13 million to $14.26 billion during the week ended August 15, 2025, the central bank said. Net foreign reserves held by commercial banks stood at $5.31 billion, taking the country’s total liquid foreign reserves to $19.57 billion.
Open-market rates
In the open market, the PKR remained unchanged for buying and gained 45 paise for selling against USD, closing at 283.50 and 284.10, respectively.
Against Euro, the PKR gained 2.66 rupees for buying and 3.13 rupees for selling, closing at 327.46 and 329.18, respectively.
Against UAE Dirham, the PKR gained 2 paise for buying and 10 paise for selling, closing at 77.16 and 77.35, respectively.
Against Saudi Riyal, the PKR lost 4 paise for buying and gained 5 paise for selling, closing at 75.45 and 75.65, respectively.
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THE RUPEE
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Weekly inter-bank market rates for dollar
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Bid Close Rs. 281.90
Offer Close Rs. 282.10
Bid Open Rs. 282.06
Offer Open Rs. 282.26
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Weekly open-market rates for dollar
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Bid Close Rs. 283.50
Offer Close Rs. 284.10
Bid Open Rs. 283.50
Offer Open Rs. 284.55
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Copyright Business Recorder, 2025
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