RECORDER REPORT
KARACHI: The Pakistani rupee registered marginal gain, appreciating 0.01 against the US dollar in the inter-bank market on Friday.
At close, the local currency settled at 279.17, a gain of Re0.03, against the greenback.
On Thursday, the local unit closed at 279.20.
Moreover, the dollar pushed higher toward multi-month peaks on Friday ?as investors sought safety in the shadow of an intensifying Middle East war and mounting doubts any path to de-escalation.
The yen, on the other hand, was left on the cusp of 160 per dollar and stood at 159.61, while the euro was off a touch 0.03 percent at USD1.1525. Sterling eased 0.05 percent to USD1.3325.
Against a basket of currencies, the dollar was marginally higher at 99.93, though it was on track for a 2.3 percent rise this month, which would mark its biggest gain since July last year.
Oil prices rose on Friday but were set for their first weekly decline since February 9 as US President Donald Trump extended a pause in on Iran’s energy plants, though investors remain cagey about prospects for ceasefire in the month-old war.
Brent crude futures rose by USD2.85, or 2.64 percent, to USD110.86 a barrel by 1322 GMT. U.S. West Texas Intermediate futures were up USD2.53, or 2.68 percent, at USD97.01.
Open-market movement
In the open market, the PKR gained 3 paise for buying and 4 paise for selling against USD, closing at 279.46 and 280.23, respectively.
Against Euro, the PKR gained 69 paise for buying and 70 paise for selling, closing at 321.40 and 324.85, respectively.
Against UAE Dirham, the PKR lost 2 paise for buying and 3 paise for selling, closing at 75.98 and 76.85, respectively.
Against Saudi Riyal, the PKR lost 7 paise for buying and 2 paise for selling, closing at 74.18 and 74.93, respectively.
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Open Bid Rs 279.46
Open Offer Rs 280.23
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Interbank Closing Rates: Interbank Closing Rates For Dollar on Friday
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Open Bid Rs 279.17
Open Offer Rs 279.37
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RUPEE IN LAHORE: The Pakistani rupee continued to maintain a firmer trend against the US dollar while gaining strength against the British pound in the local currency market on last business day of the week.
According to dealers, the rupee remained under pressure in early session and intraday trading after making a weak opening. There was also no visible change in the trading pattern subsequently, except during the closing hour of the last session when some positive activity was observed. However, this trend proved short-lived and the local currency ended the day with an easy note.
Dealers said, at the close of the session, the rupee’s buying rate slightly changed to Rs 280.10 from Rs 280.00 of the previous day while there was no change in the selling value, which stayed at Thursday’s level of Rs 281.50.
The local currency versus the British unit, however, improved to Rs 371.50 from Rs 373.20 on the buying side with its selling value remaining unchanged to previous level at Rs 375.50.
Copyright Business Recorder, 2026
