KARACHI: The Pakistani rupee continued its marginal gain against the US dollar for another week, appreciating 0.03 percent in the inter-bank market.
The local unit closed at 276.91 against the greenback, a gain of Re0.09 from 277.00 it had closed at a week earlier, according to State Bank of Pakistan (SBP) data.
SBP governor Jameel Ahmad told global investors that Pakistan’s macroeconomic conditions had improved, with foreign exchange reserves rising to USD21.5 billion and inflation declining sharply, strengthening the economy’s ability to withstand external shocks.
Addressing meetings with foreign investors on the sidelines of the IMF-World Bank Annual Meetings in Bangkok, Thailand, Ahmad attributed the improvement to sustained macroeconomic policies and structural reforms.
Pakistan’s current account posted a deficit of USD356 million in September 2026.
The latest figure follows a deficit of USD73 million recorded in August 2026 and a surplus of USD133 million in September 2025. The August 2026 deficit was revised down from USD98 million to USD73 million.
Pakistan’s Real Effective Exchange Rate (REER) increased marginally by 0.98 percent to 108.93 in September 2026 compared to 107.87 in August 2026.
Open-market rates
In the open market, the PKR gained 5 paise for both buying and selling against USD, closing at 277.47 and 278.64, respectively.
Against Euro, the PKR lost 66 paise for buying and 49 paise for selling, closing at 311.34 and 314.17, respectively.
Against UAE Dirham, the PKR remained unchanged for both buying and selling, closing at 75.57 and 76.16, respectively.
Against Saudi Riyal, the PKR gained 2 paise for buying and 1 paisa for selling, closing at 73.87 and 74.40, respectively.
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Weekly Interbank market rates for dollar
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Bid Close Rs. 276.91
Offer Close Rs. 277.11
Bid Open Rs. 277.00
Offer Open Rs. 277.20
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Weekly Open market rates for dollar
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Bid Close Rs. 277.47
Offer Close Rs. 278.64
Bid Open Rs. 277.52
Offer Open Rs. 278.69
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Copyright Business Recorder, 2026
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