Pakistan forex stabilization
Karachi, August 28, 2025, 11:04 AM PKT – SBP Adjusts Forex Policies to Stabilize PKR Amid Rate Fluctuations
The State Bank of Pakistan (SBP) announced revised foreign exchange policies on August 28, 2025, to stabilize the Pakistani Rupee (PKR) following the Financial Markets Association’s bulletin on August 27, which listed USD at PKR 281.80, GBP at PKR 378.91, EUR at PKR 326.86, and JPY at PKR 1.9060 for September 29 settlement .
SBP Governor Jameel Ahmad told NEN,
“These measures will enhance market confidence and curb volatility.”
The policies include tighter controls on speculative trading and increased reserves for importers, following a 0.4% PKR depreciation against the USD since August 20 (web:0, web:8, web:13, web:16). The SBP aims to align rates with open market trends, where USD touched PKR 282.50.
The business community welcomed the move, with Karachi Chamber of Commerce urging support for exporters.
The SBP will monitor rates daily and introduce digital tools for real-time tracking by September 15 ).
“Stability is key for trade,” said a chamber spokesperson.
Stay updated at nenagency.
