PKR Market Update
04 Jul 2026 • 01:18 GMT
The Pakistani Rupee has stayed steady against the US dollar recently, trading within a narrow range near its 3-month average of 0.00359. The currency has largely held its ground, partly supported by Pakistan's ongoing efforts to improve its economy through IMF programs and foreign exchange interventions. While the Reserve Bank’s foreign reserves reached over $16.2 billion, external debt remains a concern.
In the broader picture, the US dollar has gained strength, boosted by rising expectations of an interest rate hike by the Federal Reserve, which is now expected in September. This has kept the dollar supported despite the PKR’s stability.
Against other major currencies, the PKR has briefly touched 14-day lows versus the British pound but remains close to its recent averages, indicating limited volatility. Overall, the PKR looks to remain stable around 280 per US dollar in the near term, although external pressures and US rate movements could influence the exchange rate if market conditions shift.
📊 Quick forecast view
⚪ Range-bound
N/A
⚖️ Interest-rate differentials
🟢 Uptrend