Pakistan forex market
Karachi, August 28, 2025, 04:17 PM PKT – PKR Gains Marginally as SBP Monitors Forex Market Trends
The Pakistani Rupee (PKR) saw a marginal gain of 0.2% against major currencies on August 28, 2025, following the Financial Markets Association’s bulletin on August 28, which reported USD at PKR 283.61, GBP at PKR 381.69, EUR at PKR 329.68, and JPY at PKR 1.9150 for currency notes (web:7).
State Bank of Pakistan (SBP) official Zafar Paracha told NEN, “
We’re closely tracking market dynamics to ensure stability.”
The slight PKR appreciation follows SBP’s recent measures to curb speculative trading, with open market rates aligning closely at USD PKR 283.80.
Exporters reported smoother transactions, boosting trade confidence.
The SBP plans to launch a forex monitoring app by October 1, enhancing transparency for businesses and remittances, which reached $2.8 billion in July .
The Karachi Chamber of Commerce praised the stability, urging sustained policies.
“This strengthens our economy,” said a trader.
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