PKR Market Update
18 Jun 2026 • 00:35 GMT
The Pakistani Rupee has been holding steady near recent 14-day highs against the US dollar, trading close to 0.003595. This level sits near its three-month average and reflects a stable currency environment despite global dollar strength. The US dollar has gained momentum this week, supported by ongoing geopolitical tensions in strategic regions like the Strait of Hormuz and expectations that the Federal Reserve will maintain higher interest rates for a longer period.
Against other major currencies, the PKR has also remained stable, with only slight moves—about 1% above or below its three-month averages. The currency’s resilience is helped by recent IMF disbursements and steady foreign exchange reserves, which stood at $16.2 billion in January. Moreover, the PKR’s pace against the euro, GBP, and JPY has been quiet, trading within narrow ranges, highlighting a cautious but steady market stance.
While external pressures remain, the combination of strong policy measures and inflows suggests the PKR could maintain its current levels in the near term. However, traders should stay alert to potential shifts due to global dollar movements or geopolitical developments.
📊 Quick forecast view
🔴 Mild downside
N/A
🌍 Global risk sentiment
⚪ Range-bound