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Currency Market Faces Turbulence as US Dollar Peaks

Karachi: The currency market in Pakistan witnessed a notable surge as the US Dollar soared to unprecedented levels in the open market, according to the latest figures released by the Exchange Companies Association of Pakistan (ECAP).

As of September 30, 2025, the US Dollar was being bought at Rs. 281.92 and sold at Rs. 282.35. This spike in the dollar’s value has raised concerns among economic analysts, who fear potential inflationary pressures and a strain on the country’s foreign exchange reserves.

Meanwhile, the Euro was being traded at a buying rate of Rs. 330.48 and a selling rate of Rs. 333.60. The British Pound saw its value rise to Rs. 378.91 for buying and Rs. 382.67 for selling. In the Asian currency sphere, the Japanese Yen recorded buying and selling rates of Rs. 1.88 and Rs. 1.92, respectively.

In the Middle Eastern currency market, the UAE Dirham was bought for Rs. 76.88 and sold for Rs. 77.65, while the Saudi Riyal’s values stood at Rs. 75.08 for buying and Rs. 75.73 for selling.

Economists are closely monitoring these developments as they could have significant implications for Pakistan’s import and export sectors, with the potential to impact the overall economic landscape. The State Bank of Pakistan continues to observe the situation, aiming to implement measures to stabilize the currency market.

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