Karachi, August 28, 2025, 11:04 AM PKT – The State Bank of Pakistan (SBP) has launched new foreign exchange policies to stabilize the Pakistani Rupee (PKR). These measures aim to manage currency market fluctuations and enhance investor confidence by bridging the gap between official and open market rates.
Forex Policies for Market Stability
The central bank announced these measures following a Financial Markets Association bulletin on August 27, providing exchange rates for the September 29 settlement. Key rates include:
- USD at PKR 281.80
- GBP at PKR 378.91
- EUR at PKR 326.86
- JPY at PKR 1.9060
SBP Governor Jameel Ahmad noted, “These measures will enhance market confidence and curb volatility.”
Focused Interventions for Fluctuation Control
The revised forex policies include several targeted interventions to manage currency fluctuations:
- Stricter controls on speculative trading activities
- Increased reserve requirements for importers
- Daily monitoring of exchange rates
- Implementation of digital tools for real-time rate tracking by September 15
These interventions represent the central bank’s most comprehensive forex measures in recent months.
PKR Market Performance Insights
Policy adjustments come after a 0.4% depreciation of the PKR against the USD since August 20. The State Bank seeks to align interbank rates with open market trends, prompted by the USD reaching PKR 282.50 in the open market. Currency volatility remains a challenge for importers and exporters involved in international trade.
Business Community Support
The Karachi Chamber of Commerce supports these initiatives. Representatives call for additional measures to aid exporters in maintaining Pakistan’s trade competitiveness. “Stability is key for trade,” emphasized a chamber spokesperson, underscoring the need for predictable exchange rates for effective business planning. Exporters stress the importance of consistent forex policies to compete internationally.
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