PKR Market Update
29 May 2026 • 00:35 GMT
The Pakistani Rupee (PKR) has remained relatively steady against the US dollar, trading near its 7-day low close to 0.003590. Over the past week, the exchange rate has held within a narrow range, reflecting cautious market sentiment.
Despite geopolitical tensions in the Middle East, stability is supported by Pakistan's ongoing IMF program and solid foreign reserves, which reached $16.2 billion in January. The central bank's efforts to control inflation through interest rate hikes continue to underpin the PKR.
Against the USD, the PKR is now near its three-month average, maintaining resilience despite external pressures. The currency's recent stability also extends to other major pairs, such as the PKR/EUR and PKR/CAD, which have traded within narrow ranges near their respective averages.
Looking ahead, the PKR’s outlook remains supported by policy measures and remittance inflows. However, external factors, including global economic developments and geopolitical tensions, could influence its movement in the coming weeks.
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