KARACHI: The Pakistani rupee continued to post marginal gain against the US dollar, appreciating 0.03% in the inter-bank market during the previous week.
The local unit closed the week at 278.41, a gain of Re0.09 against 278.50 it had closed the earlier week.
Pakistan’s headline inflation clocked in at 11.7 percent on a year-on-year (YoY) basis in May 2026, as shown by Pakistan Bureau of Statistics (PBS) data.
This was the highest reading since June 2024, according to Arif Habib Limited (AHL).
The consumer price index (CPI) was recorded at 10.9 percent in April 2026. The CPI stood at 3.5 percent in May 2025.
The foreign exchange reserves held by the SBP increased by USD43 million on a weekly basis, reaching USD17.19 billion as of May 29, 2026.
The SBP said the country’s total liquid foreign reserves stood at USD22.64 billion. Of the total reserves, USD17.19 billion were held by the SBP, while net foreign reserves maintained by commercial banks amounted to USD5.45 billion.
Open-market rates
In the open market, the PKR gained 28 paise for buying and 9 paise for selling against USD, closing at 278.45 and 279.47, respectively.
Against Euro, the PKR gained 6 paise for buying and lost 1 paisa for selling, closing at 322.40 and 325.75, respectively.
Against UAE Dirham, the PKR gained 11 paise for buying and 23 paise for selling, closing at 75.57 and 76.29, respectively.
Against Saudi Riyal, the PKR gained 2 paise for buying and 20 paise for selling, closing at 73.83 and 74.50, respectively.
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Weekly inter-bank market rates for dollar
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Bid Close Rs. 278.41
Offer Close Rs. 278.61
Bid Open Rs. 278.50
Offer Open Rs. 278.70
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Weekly open-market rates for dollar
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Bid Close Rs. 278.45
Offer Close Rs. 279.47
Bid Open Rs. 278.73
Offer Open Rs. 279.56
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Copyright Business Recorder, 2026
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