KARACHI: The Pakistani rupee continued to post marginal gain against the US dollar, appreciating 0.02 percent in the inter-bank market during the previous week.
The local unit closed the week at 278.20, a gain of Re0.05 against 278.25 it had closed the earlier week.
It was a shorter week for trading as the market remained closed on Thursday and Friday due to Muharram holidays.
Meanwhile, Barclays Bank Plc upgraded Pakistan dollar bonds to overweight after lowering the rating in May, citing improved oil market prospects, according to a Bloomberg report that was also shared by Finance Minister’s adviser Khurram Schehzad.
As per the report, Pakistan economy continues to demonstrate stability, with an improved fiscal position, steadier external buffers, relatively steady foreign reserves, and a moderate growth/inflation picture.
Pakistan’s central government debt growth slowed to its lowest pace in 15 years, with debt expanding just 5 percent year-to-date (FY26), down from 23 percent in FY23, showing what officials describe as improving debt sustainability and prudent fiscal management.
“Some social media posts compare governments using absolute debt figures. That is not how sovereign debt is assessed anywhere in the world. Debt is not measured by headlines. It is measured by sustainability,” said Schehzad in a statement.
Open-market rates
In the open market, the PKR lost 3 paise for buying and gained 8 paise for selling against USD, closing at 278.67 and 279.46, respectively.
Against Euro, the PKR gained 2.43 rupees for buying and 2.12 rupees for selling, closing at 316.78 and 320.87, respectively.
Against UAE Dirham, the PKR gained 6 paise for buying and 5 paise for selling, closing at 75.89 and 76.54, respectively.
Against Saudi Riyal, the PKR gained 3 paise for buying and 2 paise for selling, closing at 74.25 and 74.85, respectively.
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Weekly inter-bank market rates for dollar
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Bid Close Rs. 278.20
Offer Close Rs. 278.40
Bid Open Rs. 278.25
Offer Open Rs. 278.45
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Weekly open-market rates for dollar
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Bid Close Rs. 278.67
Offer Close Rs. 279.46
Bid Open Rs. 278.64
Offer Open Rs. 279.54
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Copyright Business Recorder, 2026
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