PKR Market Update
06 Jun 2026 • 01:20 GMT
The Pakistani Rupee (PKR) remains near its 14-day lows against the US dollar, trading close to 0.003590. Despite this, the exchange rate has held within a narrow 1.1% range from 0.003566 to 0.003605, reflecting cautious stability. The recent dollar strength is driven by safe-haven buying amid geopolitical tensions and positive US economic data, suggesting the USD could stay firm in the near term.
Against other major currencies, the PKR has seen modest gains. It has risen to near 14-day highs versus the British pound at around 0.002691 and hit 60-day highs against the euro and Swiss franc, trading at approximately 0.003116 and 0.002860 respectively. Similarly, the PKR has appreciated slightly against the Japanese yen and Australian dollar, maintaining stability in these pairs.
Despite external pressures, Pakistan’s forex reserves have improved due to IMF disbursements, providing some support for the local currency. However, external debt and geopolitical risks remain challenges. The consensus for 2026 points to a steady PKR averaging about 280 per USD, thanks to ongoing policy measures and remittance inflows. Keep an eye on US dollar movements, as safe-haven demand could continue influencing the PKR’s short-term course.
📊 Quick forecast view
🔴 Mild downside
N/A
🌍 Global risk sentiment
⚪ Range-bound