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 278.85, against 278.92 it had closed against the dollar a week earlier.
Pakistan cleared all outstanding deposits owed to the United Arab Emirates (UAE), the State Bank of Pakistan (SBP) announced, as it repaid $1 billion to the Abu Dhabi Fund for Development.
Earlier, deposits of USD2.45 billion were repaid.
This completed the repayment of total deposits of USD3.45 billion to the UAE.
The foreign exchange reserves held by the SBP increased by USD18 million to USD15.10 billion during the week ended on April 17, 2026.
The total liquid foreign reserves held by the country stood at USD20.63 billion, including USD5.53 billion held by commercial banks.
Market analysts expect the SBP to keep the policy rate unchanged at 10.5 percent in its upcoming Monetary Policy Committee (MPC) meeting to be held today.
Open-market rates
In the open market, the PKR lost 1 paisa for buying and gained 3 paise for selling against USD, closing at 279.35 and 280.17, respectively.
Against Euro, the PKR gained 2.42 rupees for buying and 2.51 rupees for selling, closing at 326.02 and 329.21, respectively.
Against UAE Dirham, the PKR remained unchanged for buying and gained 10 paise for selling, closing at 76.04 and 76.87, respectively.
Against Saudi Riyal, the PKR lost 6 paise for buying and gained 9 paise for selling, closing at 74.31 and 75.04, respectively.
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Weekly inter-bank market rates for dollar
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Bid Close Rs. 278.85
Offer Close Rs. 279.05
Bid Open Rs. 278.92
Offer Open Rs. 279.12
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Weekly open-market rates for dollar
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Bid Close Rs. 279.35
Offer Close Rs. 280.17
Bid Open Rs. 279.34
Offer Open Rs. 280.20
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Copyright Business Recorder, 2026
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