KARACHI, Pakistan – As on Friday, August 08, 2025, the Pakistani Rupee (PKR) exhibited a marginal depreciation against the US Dollar (USD) in the interbank market. The currency closed at PKR 282.56 per USD, down by 56 paisa or 0.20% from the previous day’s rate of PKR 282.
USD to PKR- Daily Updates
The trading session saw the PKR fluctuate, reaching an intraday high (bid) of 282.7 and a low (ask) of 285.3, indicating a slight reversal in recent gains.
In the open market, exchange companies quoted the US Dollar at PKR 282.65 for buying and PKR 285.40 for selling. The PKR’s performance against other major currencies was mixed: it weakened by 84.00 paisa or 0.24% against the Euro (EUR) to 352.99, remained steady with no change against the British Pound (GBP) at PKR 377.30, and dipped by 38.40 paisa or 0.10% against the Swiss Franc (CHF) to 367.16. The PKR gained 0.01 paisa or 0.01% against the Japanese Yen (JPY) to 1.9701, fell by 3.20 paisa or 0.08% against the Chinese Yuan (CNY) to 40.12, rose by 1.70 paisa or 0.02% against the Saudi Riyal (SAR) to 76.21, and increased by 1.55 paisa or 0.02% against the UAE Dirham (AED) to 77.79.
The money market held firm, with the 6-month Karachi Interbank Bid and Offer rates steady at 10.72% and 10.97%, respectively. Year-to-date, the PKR has depreciated by 7.37 rupees or 2.61% against the USD, while the current fiscal year decline stands at 12.12 paisa or 0.04%, with today’s dip signaling a pause in the recent upward trend.
Impact on Pakistan and Its People
The slight PKR depreciation against the USD today poses a minor economic challenge for Pakistan and its citizens. Higher import costs for essentials like fuel and food may contribute to a slight uptick in inflation, affecting household budgets. Businesses could face increased operational expenses, potentially impacting price stability and employment. Remittances lose a small amount of value, putting pressure on families reliant on overseas income. The government’s debt servicing burden remains a concern, though this modest shift is unlikely to significantly alter fiscal dynamics. Clear economic insights will be essential for informed responses.
The US Dollar (USD), the United States’ leading global currency, continues to influence trade patterns. The Pakistani Rupee (PKR), managed by the State Bank of Pakistan, reflects the nation’s economic resilience as of August 08, 2025.
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