Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistani Rupee Gains Slightly Against US Dollar in Interbank Market
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Kohistan 40 billion corruption scandal
PhotoNews Pakistan > Business > Pakistani Rupee Gains Slightly Against US Dollar in Interbank Market
Business

Pakistani Rupee Gains Slightly Against US Dollar in Interbank Market

Web Desk
By Web Desk Published August 1, 2025 3 Min Read
Share
USD 100 Bills
SHARE

On August 1, 2025, the Pakistani Rupee (PKR) gained slightly, appreciating by 15 paisa or 0.05% against the US Dollar (USD). It closed at PKR 282.72 in the interbank market, up from PKR 282.87 the previous day. During the trading session, the PKR fluctuated between an intra-day high (bid) of 282.9 and a low (ask) of 285.6, reflecting cautious market sentiment at the beginning of the new month.

In the open market, exchange companies quoted the USD at PKR 282.85 for buying and PKR 285.70 for selling. The PKR displayed mixed results against other currencies:

  • Euro (EUR): Weakened by 82 paisa (0.24%) to 349.67.
  • British Pound (GBP): Gained 10 paisa (0.03%) to 377.40.
  • Swiss Franc (CHF): Fell 37.60 paisa (0.10%) to 365.66.
  • Japanese Yen (JPY): Rose 0.01 paisa (0.01%) to 1.9704.
  • Chinese Yuan (CNY): Dropped 3.05 paisa (0.08%) to 40.03.
  • Saudi Riyal (SAR): Increased 1.85 paisa (0.02%) to 76.15.
  • UAE Dirham (AED): Gained 1.70 paisa (0.02%) to 77.73.

The money market remained stable, with the 6-month Karachi Interbank Bid and Offer rates holding steady at 10.72% and 10.97%, respectively. Year-to-date, the Pakistani Rupee (PKR) has depreciated by 7.19 rupees, which is a decline of 2.54% against the US Dollar (USD). Additionally, for the fiscal year, the decline in value of the PKR is 11.94 paisa, equivalent to 0.04%.

July 2025 Performance Recap

In July 2025, the Pakistani Rupee (PKR) experienced volatility against the US Dollar (USD). It started at PKR 284.22, peaked at 284.97 on July 17, and then declined to 282.87 by July 31, resulting in a net appreciation of 1.35 rupees (0.47%). The late-month recovery saw rates drop to 283.45 on July 25 and 282.95 by July 30, which suggests there may have been improvements in foreign exchange reserves or new policy measures. The initial strength of the USD led to increased import costs and inflation, but the recovery helped ease these pressures, resulting in a boost in remittance value.

The recent modest gain of the Pakistani Rupee (PKR) provides some relief, as it may lead to lower import costs for essential goods such as fuel and food. This could help stabilise inflation and support household budgets. Businesses might benefit from reduced costs, which could help maintain price levels and employment. Additionally, the enhanced value of remittances can assist families, although Pakistan still faces a significant debt servicing burden. The State Bank of Pakistan’s management of the PKR demonstrates its efforts to navigate ongoing economic challenges.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Chappell Roan

Chappell Roan’s Sets Up Backstage Petting Zoo Soothes Nerves

Micah Parsons trade

Michael Irvin Slams Dallas Cowboys for Trading Micah Parsons to Green Bay

Asim Munir Field Marshal

COAS Asim Munir to Visit US for CENTCOM Chief’s Retirement Ceremony

Post Archives

More Popular from Photonews

Cristiano Ronaldo Al-Nassr Record Breaking
Sports

Cristiano Ronaldo Scores 100th Goal for Al-Nassr, Fourth Club Milestone

3 Min Read
Pakistan Hockey Team India Asia Cup 2025
Sports

Pakistan Secures Rs250M for FIH Pro League Amid PHF Controversy

3 Min Read
Pakistani asylum seekers
Pakistan

Report Urges Smaller Provinces in Pakistan to Boost Governance

2 Min Read
Offbeat

Taylor Swift Lookalike Stuns Fans at Chiefs Game

A routine NFL preseason game between the Kansas City Chiefs and Chicago Bears created an online…

August 25, 2025
Entertainment

Cardi B Denies Assault in Civil Trial, Admits to Calling Guard B***h

Cardi B testified in a civil trial in Los Angeles, denying allegations that she assaulted security…

August 27, 2025
Top NewsWorld

Turkey Halts Economic Ties and Airspace Access with Israel

On August 29, 2025, Turkish Foreign Minister Hakan Fidan announced the suspension of all economic and…

August 29, 2025
Entertainment

Bigg Boss 19 Grand Premiere: Meet Gaurav Khanna, Amaal Malik, and More Contestants

Bigg Boss 19 premiered its grand launch on JioHotstar, featuring a diverse lineup of contestants, including Gaurav…

August 24, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?