The US Dollar (USD) slightly depreciated in the interbank market, trading at 281.40 PKR in the spot rate, compared to previous sessions. The one-year forward rate moved up to 293.84 PKR, showing cautious outlook for the rupee.
The Saudi Riyal (SAR) remained stable at 75.02 PKR for spot trading, with its one-year forward rate at 77.86 PKR. The UAE Dirham (AED) stood at 76.61 PKR, rising to 80.08 PKR for the one-year tenor. Meanwhile, the Qatari Riyal (QAR) opened at 77.20 PKR in spot trade and increased to 80.57 PKR in the forward market.
Analysts say the mild softening of USD and EUR comes from mixed global market signals and stable domestic remittance flows. Gulf currencies continue to show resilience, supported by regional economic stability. Forward premiums highlight a cautious stance for PKR, as international dynamics and possible shifts in US monetary policy remain key factors.
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