Pakistani Rupee Strengthens Against US Dollar – Latest Currency Market Update October 2025
The Pakistani Rupee (PKR) continued to show mild strength on Friday, posting a marginal gain against the US Dollar in the inter-bank market.
According to the State Bank of Pakistan (SBP), the rupee closed at Rs. 280.91, slightly stronger than the previous day’s close of Rs. 280.92.
In the open market, exchange companies quoted the dollar at Rs. 281.00 for buying and Rs. 281.95 for selling, reflecting minor improvement but steady sentiment overall.
Inter-Bank and Open Market Rates Today – October 31, 2025
| Market | Currency | Buying Rate (PKR) | Selling Rate (PKR) | Change |
| Inter-Bank | USD/PKR | 280.91 | 280.92 | +0.01 |
| Open Market | USD/PKR | 281.00 | 281.95 | +0.01 |
Currency dealers report that the rupee’s current performance shows a trend of cautious stability, supported by steady remittance inflows and limited demand for the US dollar in the import sector.
Rupee Strengthens Against Major Currencies
The local currency also appreciated against several major international currencies.
Here’s a summary of how the Pakistani Rupee performed across global markets on Friday:
| Foreign Currency | Previous Close (PKR) | New Close (PKR) | Change | Percentage |
| Euro (EUR) | 326.19 | 324.76 | +1.43 | 0.44% |
| British Pound (GBP) | 370.62 | 369.17 | +1.45 | 0.39% |
| Swiss Franc (CHF) | 351.42 | 349.94 | +1.48 | 0.42% |
| Japanese Yen (JPY) | 1.8263 | 1.8209 | +0.54 paisa | 0.30% |
| Chinese Yuan (CNY) | 39.52 | 39.48 | +3.35 paisa | 0.08% |
| Saudi Riyal (SAR) | 74.92 | 74.91 | +0.01 paisa | 0.00% |
| UAE Dirham (AED) | 76.49 | 76.48 | +0.01 paisa | 0.00% |
Rupee Performance During FY2025
In the current fiscal year (FY2024–25), the rupee has appreciated by Rs. 2.85, equivalent to 1.02% against the US Dollar.
However, on a calendar-year basis, it has depreciated by Rs. 2.36, or 0.84%, since the start of 2025.
WhatsApp ChannelExperts note that this mild uptrend in FY2025 shows improved external account management and the positive impact of Pakistan’s engagement with the IMF program.
Why the Rupee Is Stabilizing in Late 2025
Analysts highlight several factors supporting the rupee’s recent performance:
- IMF Program Stability – Ongoing reviews and compliance have improved investor confidence.
- Reduced Import Payments – Lower demand for petroleum and luxury goods is easing pressure on foreign exchange.
- Steady Remittance Inflows – Overseas Pakistanis continue to send strong inflows, particularly from GCC countries.
- State Bank Oversight – SBP’s timely monitoring and interventions are preventing excessive volatility.
Traders’ Outlook on the Market
According to Karachi-based currency traders, the market remains well-balanced with adequate dollar supply.
“The situation is stable and under control. There is no panic in the interbank or open market,” said one trader.
Market participants expect the rupee to trade between Rs. 280 and Rs. 282 in the coming weeks, assuming no major geopolitical or oil market disruptions.
Global Context – Dollar Movement and External Factors
The global US Dollar Index (DXY) has softened slightly amid expectations that the US Federal Reserve might keep interest rates unchanged in upcoming meetings.
This moderation is indirectly supporting emerging market currencies, including Pakistan’s, as dollar demand globally declines.
Rupee Outlook for November 2025
Economists predict the rupee will likely remain range-bound in the near term, supported by steady reserves and controlled imports.
However, they caution that delays in IMF disbursements, higher oil prices, or political uncertainty could reintroduce mild pressure on the exchange rate.
| Indicator | Status |
| Interbank Close | Rs. 280.91 |
| Open Market Close | Rs. 281.95 |
| FY2025 Change | +1.02% |
| Calendar Year Change | -0.84% |
| Outlook | Stable to Slightly Positive |
Impact on Inflation and Common Pakistanis
A relatively stronger rupee may help ease import-led inflation in the coming months.
Prices of imported goods such as fuel, electronics, and machinery could stabilize if the rupee maintains its strength.
For ordinary Pakistanis, this stability translates to better control of inflation and more predictable household expenses.
Expert View: How Long Can the Rupee Stay Stable?
Financial analysts believe that the rupee’s direction depends on Pakistan’s policy consistency.
Maintaining the current exchange rate will require:
- Continued IMF support
- Political stability
- Boost in exports and remittances
If these fundamentals hold steady, the rupee could remain between Rs. 279–281 through November 2025.
Conclusion
The Pakistani Rupee’s latest movement may appear small, but it signals a positive trend of economic resilience and market confidence.
With steady remittances, cautious import spending, and controlled inflation, Pakistan’s currency market shows signs of maturity heading into 2025.
Experts say consistent fiscal discipline and policy clarity will be key to sustaining this stability in the months ahead.
