Moaaz Manzoor

The Pakistani rupee remained broadly stable during the week ending October 24, 2025, as consistent remittance inflows and a slight rise in the State Bank of Pakistan’s (SBP) foreign exchange reserves helped the local currency maintain equilibrium against major global counterparts.

According to the SBP data, the US dollar was quoted at Rs280.8570 (buying) and Rs281.2889 (selling) on October 20. It traded nearly unchanged over the next few sessions — at Rs280.8512 and Rs281.2830 on October 21, Rs280.8414 and Rs281.2733 on October 22, and Rs280.7831 and Rs281.2150 on October 23 — before closing the week marginally lower at Rs280.7713 and Rs281.2032 on October 24.

Among other major currencies, the euro began the week at Rs327.6398 (buying) and Rs328.1488 (selling) on October 20, gradually easing to Rs325.6520 and Rs326.1580 by October 23, and finishing at Rs325.9075 and Rs326.4348. The British pound followed a similar path, moving from Rs377.1200 and Rs377.7144 on October 20 to Rs374.7584 and Rs375.3454 by October 23, and closing at Rs374.0287 and Rs374.6140.

The Chinese yuan held steady throughout the week, quoted at Rs39.4187 and Rs39.4703 on October 20 and closing slightly softer at Rs39.4061 and Rs39.4581 on October 24. The Saudi riyal traded narrowly between Rs74.8873–Rs74.9981 and Rs74.8653–Rs74.9773, while the Japanese yen also showed little movement, ending at Rs1.8360 (buying) and Rs1.8388 (selling).

According to Arif Habib Limited (AHL), Pakistan’s foreign exchange reserves held by the SBP rose to USD14.45 billion, marking a weekly increase of USD14.4 million. The firm noted that the rupee remained largely unchanged on a week-on-week basis, closing around Rs281.02 per US dollar. AKD Securities Limited also reported a stable trend, highlighting that the rupee appreciated marginally by 0.03 percent during the week, ending near 281.0 per dollar.

Analysts said the rupee’s steadiness reflects a balanced foreign exchange position, supported by steady remittance inflows, moderate import demand, and improved investor sentiment. They added that higher reserves and expectations of continued inflows under ongoing financial support programs have helped maintain market calm and exchange rate stability.

Credit: INP-WealthPk