The Pakistani Rupee (PKR) posted a modest recovery on Friday, ending its five-day losing streak against the US Dollar (USD) and recording gains against the British Pound (GBP) and several other major currencies.

Throughout the day, the interbank rate hovered around 284/$ before closing at the same level. In the open market, USD rates ranged between Rs. 284 and Rs. 288, with some counters quoting Rs. 289 in Islamabad. The GBP traded between Rs. 385 and Rs. 390 across various exchange outlets.

READ MORE:

Starlink to Launch Satellite Internet in Pakistan by Year-End; Elon Musk May Attend Event

By day’s end, the PKR appreciated by 0.04% or 10 paisas, closing at Rs. 284.46 against the dollar. Despite the improvement, the rupee has depreciated by 1.97% against the greenback since the beginning of the current fiscal year.

Currency Movement Highlights:

• Gained Rs. 2.33 against the British Pound

• Gained Rs. 1.48 against the Euro

• Gained 51 paisas against the Canadian Dollar

• Gained 2 paisas each against the UAE Dirham and Saudi Riyal

• Lost 51 paisas against the Australian Dollar

Overall, the PKR remained largely stable and closed in green, strengthening against most major foreign currencies.