Dollar Climbs as Pakistani Rupee Faces Pressure in Open Market

Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for April 21, 2025, highlighting a continued upward trend in foreign currencies against the Pakistani rupee in the open market. The United States dollar (USD) was recorded at a buying rate of 280.60 and a selling rate of 282.33, indicating a steady rise in demand.

The euro (EUR) closed with a buying rate of 322.65 and a selling rate of 325.94. The British pound (GBP) showed similar momentum, with buying and selling rates at 374.71 and 378.44, respectively.

The Japanese yen (JPY) was noted at a buying rate of 1.94 and a selling rate of 1.99. Meanwhile, the United Arab Emirates dirham (AED) and the Saudi riyal (SAR) were recorded with buying rates of 76.41 and 74.66, and selling rates of 77.12 and 75.37, respectively.

The figures, sourced from the State Bank of Pakistan, reflect the current economic pressures on the national currency, prompting concerns among traders and investors about the rupee’s valuation in the international market.

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