RECORDER REVIEW

KARACHI: Pakistan rupee posted marginal gain for another week as it appreciated by Re0.10 or 0.04 percent against the US dollar in the inter-bank market.

The local unit closed at 280.62, against 280.72 it had closed the week earlier against the greenback, according to the State Bank of Pakistan (SBP).

The Asian Development Bank (ADB) approved loans totalling USD330 million to Pakistan for the Second Power Transmission Strengthening Project, one of the government’s top priority investments to expand the national transmission network and enable the evacuation of low-cost renewable and hydropower to major load centres.

The foreign exchange reserves held by the SBP increased by USD27 million on a weekly basis, reaching USD14.55 billion as of November 14, 2025. According to the central bank, total liquid foreign reserves held by the country stood at USD19.74 billion, while net foreign reserves held by commercial banks were recorded at USD5.19 billion.

Open-market rates

In the open market, the PKR gained 9.00 paisa for buying and 10.00 paisa for selling against USD, closing at 281.29 and 281.65, respectively.

Against Euro, the PKR gained 2.40 rupees for buying and 2.71 rupees for selling, closing at 324.10 and 326.95, respectively.

Against UAE Dirham, the PKR lost 1.00 paisa for buying and gained 3.00 paisa for selling, closing at 76.62 and 77.39, respectively.

Against Saudi Riyal, the PKR remained unchanged for buying and gained 7.00 paisa for selling, closing at 74.94 and 75.52, respectively.