PKR falls 79 paisa per USD in a week

June 13, 2025 (MLN): Over the past week, the Pakistani Rupee (PKR) lost 79.13 paisa or 0.28% against the US Dollar. The exchange rate rose from PKR 282.67 per USD on June 12 to PKR 282.96 on June 13, 2025.

Over the past month, the currency has weakened by Rs1.29 or 0.46%. Since the start of the fiscal year, the PKR has lost 1.63%, while the calendar year-to-date (CYTD) decline stands at 1.56%.

Speaking to Mettis Global, Malik Bostan, President of the Forex Association of Pakistan, said, PKR’s depreciation this week is mainly due to post-budget uncertainty, particularly the government's assumption of the exchange rate at Rs290/USD in the FY26 budget.

Although a similar trend was seen in previous years, when the budgeted rate was higher but the actual market rate eventually fell, this time, regional tensions such as the ongoing conflict in Israel and potential escalation with Pakistan's neighbours have added pressure, he added. 

Currently, we are seeing a divergence where the interbank dollar rate is increasing while the open market remains stable.

The State Bank has already purchased $9 billion and is expected to buy another $3 billion, which has tightened liquidity, he further noted. 

Moreover, capital flight is a concern, with many Pakistanis shifting funds and even relocating to places like Dubai, he stated. 

He was of the view that despite these short-term pressures, the future outlook for the rupee remains positive. Historically, the currency tends to stabilise and even strengthen in the months following the budget.

PKR deteriorated by 29.38 paisa or 0.10% against the US dollar in Friday's interbank session to settle the trade at PKR 282.96 per USD, compared to the previous closing of 282.67.

Throughout the day, the currency saw an intraday high (bid) of 283 and a low (ask) of 285.15

In the open market, exchange companies quoted the dollar at 282.50 for buying and 284.65 for selling.

In comparison to major currencies, PKR fell 46.62 paisa or 0.14% against the Euro, closing at 326.40 compared to the previous value of 325.93.

Against the British Pound, PKR depreciated by 85.07 paisa or 0.22% to 383.68 compared to 382.83 a day ago.

The local unit depreciated 1.56 rupees or 0.45% against Swiss franc to close at 348.48.

Against the Japanese Yen, PKR's value decreased 0.14 paisa or 0.07% to close the session at 1.9670 versus 1.9656 a day ago.

Pakistani Rupee fell 4.75 paisa or 0.12% against Chinese Yuan to close at 39.40 from 39.36.

The local currency deteriorated by 1.80 paisa or 0.02% against Saudi Riyal to 75.37. While it weakened by 8.00 paisa or 0.10% against the U.A.E Dirham to close at 77.05.

During the current fiscal year, PKR has decreased against the US Dollar by 4.62 rupees or 1.63%. While it has weakened 4.41 rupees or 1.56% so far this calendar year.

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