RECORDER REVIEW

KARACHI: Pakistan rupee posted marginal gain for another week as it appreciated by Re0.07 or 0.03percent against the US dollar in the inter-bank market.

The local unit closed at 279.95, against 280.02 it had closed the week earlier against the greenback, according to the State Bank of Pakistan (SBP).

Pakistan plans to issue its first-ever Panda bond in the coming weeks, Finance Minister Muhammad Aurangzeb said while addressing a seminar in the previous week. Pakistan’s previous international issuances were in US dollars, euros, or Islamic sukuk, he added.

The foreign exchange reserves held by the SBP increased by USD16 million on a weekly basis, reaching USD16.07 billion as of January 9, 2026.

Total liquid foreign reserves of the country stood at USD21.25 billion, while net foreign reserves held by commercial banks were recorded at USD5.18 billion.

Open-market rates

In the open market, the PKR gained 2 paise for buying and 5 paise for selling against USD, closing at 280.38 and 281.00, respectively.

Against Euro, the PKR gained 1.10 rupee for buying and 1.03 rupee paisa for selling, closing at 325.58 and 328.79, respectively.

Against UAE Dirham, the PKR lost 4 paise for buying and 7 paise for selling, closing at 76.53 and 77.29, respectively.

Against Saudi Riyal, the PKR lost 2 paise for buying and 4 paise for selling, closing at 74.84 and 75.44, respectively.