KARACHI: The Pakistani rupee continued to post marginal gain against the US dollar, appreciating 0.03 percent in the inter-bank market during the previous week.
The local unit closed the week at 278.32, a gain of Re0.09 against 278.41 it had closed the earlier week.
The inflow of overseas workers’ remittances into Pakistan stood at USD4.251 billion in May 2026, SBP data.
In terms of growth, remittances increased by 20.2 percent on a month-on-month basis and 15.4 percent on a year-on-year basis.
Cumulatively, workers’ remittances increased by 9.2 percent to USD38.1 billion during Jul-May FY26, compared to USD34.9 billion received during the same period last year.
Foreign exchange reserves held by the SBP increased by USD25 million to USD17.21 billion during the week ended June 5, 2026.
The country’s total liquid foreign reserves stood at USD22.67 billion. Commercial banks held net foreign reserves of USD5.46 billion.
The government unveiled the federal budget for fiscal year 2026-27, seeking to achieve GDP growth of 4 percent and inflation at 8.2 percent.
Open-market rates
In the open market, the PKR lost 22 paise for buying and 8 paise for selling against USD, closing at 278.67 and 279.55, respectively.
Against Euro, the PKR lost 3 paise for buying and gained 12 paise for selling, closing at 322.43 and 325.63, respectively.
Against UAE Dirham, the PKR lost 30 paise for buying and 24 paise for selling, closing at 75.87 and 76.53, respectively.
Against Saudi Riyal, the PKR lost 35 paise for buying and 30 paise for selling, closing at 74.18 and 74.80, respectively.
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Weekly inter-bank market rates for dollar
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Bid Close Rs. 278.32
Offer Close Rs. 278.52
Bid Open Rs. 278.41
Offer Open Rs. 278.61
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Weekly open-market rates for dollar
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Bid Close Rs. 278.67
Offer Close Rs. 279.55
Bid Open Rs. 278.45
Offer Open Rs. 279.47
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Copyright Business Recorder, 2026
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