PKR Market Update
22 Jul 2026 • 00:36 GMT
The Pakistani Rupee has remained stable against the US dollar, trading near its 3-month average of 0.003598. Over the past week, the PKR/USD exchange rate has stayed within a narrow 0.8% range, between 0.003580 and 0.003609, reflecting steady market sentiment despite ongoing geopolitical tensions in the Middle East.
The US dollar continues to face pressure from global uncertainties, though it remains relatively strong due to safe-haven flows. However, the PKR's resilience is supported by Pakistan’s ongoing IMF reforms, healthy foreign reserves of around $16.2 billion, and stable remittance inflows. The government’s focus on fiscal stability and intervention measures has helped keep the exchange rate steady.
Looking ahead, the PKR is expected to remain near this level in the near term, averaging around 280 per USD. External pressures, especially if geopolitical tensions escalate or oil prices spike above USD 100 per barrel, could influence the rate. Overall, the Pakistani Rupee shows resilience, but traders should stay alert to global developments that could impact the currency’s direction.
📊 Quick forecast view
🔴 Mild downside
N/A
🌍 Global risk sentiment
⚪ Range-bound
