Pakistani Rupee Hits 6-Month High Against US Dollar 2025 (Latest SBP Update)
KARACHI (Latest Update – October 2025): The Pakistani Rupee hit a six-month high against the US Dollar on Tuesday, showing continued strength in the inter-bank market amid stable economic indicators and controlled demand for foreign currency.
According to the State Bank of Pakistan (SBP), the rupee appreciated slightly by Rs. 0.04, closing at Rs. 280.97 compared to the previous session’s Rs. 281.01. This marks the local currency’s strongest level since April 2025, reflecting gradual improvement in investor confidence and consistent inflows from remittances.
Rupee Performance in Inter-Bank and Open Market
In the inter-bank market, the rupee recorded another day of gains, maintaining its upward trajectory against the dollar for the past few weeks.
Meanwhile, in the open market, exchange companies quoted the US dollar at Rs. 281.30 for buying and Rs. 282.05 for selling, showing only a narrow difference from inter-bank rates — a sign of improved market stability.
| Market Type | Buying Rate (Rs.) | Selling Rate (Rs.) | Change |
| Inter-Bank | 280.93 | 280.97 | +0.04 |
| Open Market | 281.30 | 282.05 | +0.01 |
Economists suggest that the narrowing gap between inter-bank and open market rates is an encouraging indicator of reduced speculative activity and better control over currency flows.
WhatsApp ChannelPerformance Against Other Major Currencies
While the rupee strengthened against the US dollar, it showed a mixed performance against other international currencies on Tuesday:
| Currency | Rate (Rs.) | Change | % Change |
| Euro | 327.43 | -0.93 | -0.28% |
| British Pound | 374.47 | -0.36 | -0.10% |
| Swiss Franc | 353.60 | -1.13 | -0.32% |
| Japanese Yen | 1.8472 | -0.01 | -0.56% |
| Chinese Yuan | 39.57 | -0.06 | -0.14% |
| Saudi Riyal | 74.92 | +0.01 | +0.01% |
| UAE Dirham | 76.50 | +0.01 | +0.01% |
The rupee gained slightly against Gulf currencies, which often move in close correlation with the dollar, while it saw minor losses against the euro, pound, and yen.
Economic Factors Behind Rupee Stability
Analysts credit several factors for the rupee’s steady performance in October 2025:
- Improved remittance inflows from overseas Pakistanis.
- Controlled import demand due to administrative measures.
- Stable foreign exchange reserves, currently above $9 billion.
- Lower trade deficit and increased export receipts.
- Tight monetary policy maintained by the SBP to contain inflation.
Experts at financial institutions say the rupee’s continued stability reflects positive sentiment in the inter-bank market, though they caution that global oil prices and external debt repayments could affect future trends.
Six-Month Overview of Rupee Performance
So far in the current fiscal year, the Pakistani Rupee has appreciated by Rs. 2.79, or 0.99%, against the US dollar. However, since the start of the calendar year 2025, it has recorded a minor depreciation of Rs. 2.42, or 0.86% overall.
Currency experts believe that if the SBP continues its monitoring policy, the rupee could maintain its position near the Rs. 280 mark for the coming months.
Government & SBP Response
A spokesperson from the State Bank of Pakistan stated that the rupee’s appreciation is “a result of market discipline and improved external inflows.” The SBP reiterated its commitment to maintaining a market-based exchange rate system while ensuring stability against speculative pressures.
Meanwhile, the Ministry of Finance also credited the currency’s performance to controlled inflation, fiscal discipline, and consistent export growth in the textile and IT sectors.
Market Analysts’ Outlook for 2025
Market analysts expect the Pakistani Rupee to remain stable in the short term, trading between Rs. 280–283 per dollar, provided that no external shocks occur in the global economy.
However, they warn that rising global oil prices, import pressures, or delays in foreign funding disbursements could temporarily affect the rupee’s strength later in the year.
Conclusion
The Pakistani Rupee hitting a six-month high is a positive signal for Pakistan’s economy, reflecting macroeconomic discipline and improved forex management. While challenges remain, especially with global commodity prices and debt obligations, the current trend suggests that Pakistan’s currency market is stabilizing after months of volatility.
If this pace continues, 2025 could become one of the more stable years for the PKR against the US dollar, bringing relief to importers, traders, and ordinary citizens alike.
