PKR Market Update
28 Mar 2026 • 01:16 GMT
The Pakistani Rupee (PKR) has remained steady against the US dollar, trading near its 3-month average of 0.003582. Today, the PKR has held within a narrow range, reflecting overall market stability. Factors supporting the PKR include Pakistan's rising foreign reserves, now over $14.5 billion, and ongoing efforts by the government to maintain fiscal discipline and implement structural reforms.
However, external risks persist. Elevated global oil prices, driven by ongoing conflicts in the Middle East, could increase Pakistan’s energy costs and pressure the trade balance, potentially impacting the PKR. Meanwhile, the US dollar has strengthened recently amid increased risk aversion worldwide, partly supported by comments from Federal Reserve policymakers suggesting it might keep interest rates higher for longer.
Additionally, the PKR has seen gains against the British pound and the Japanese yen, reaching 7-day and 90-day highs, respectively. These moves show some regional strength amidst global dollar fluctuations. Overall, despite external challenges, Pakistan’s strong remittance inflows and reforms are expected to support the PKR’s stability in the near term.
📊 Quick forecast view
🟢 Mild upside
N/A
🌍 Global risk sentiment
⚪ Range-bound
