The Pakistani rupee recorded a modest rise against the US dollar in the inter-bank market during the previous week, appreciating by Re0.25, or 0.09 percent.
State Bank of Pakistan (SBP) data showed the currency settled at 282.47 by the week’s close, compared to 282.72 the week before. Analysts pointed to inflows from overseas Pakistanis as a key factor supporting the rupee.
Remittances for July 2025 reached $3.2 billion, up 7.4 percent from the $3 billion recorded in the same month last year. However, on a monthly basis, inflows slipped by 6 percent from June’s $3.4 billion.
The SBP also reported a $72 million drop in its foreign exchange reserves, which stood at $14.2 billion as of 1 August. The country’s total liquid reserves amounted to $19.50 billion, with commercial banks holding $5.3 billion.
The Ministry of Finance announced that Pakistan’s budget deficit for FY2024-25 was Rs6.17 trillion, equal to 5.4 percent of GDP, marking the lowest level in almost a decade. Revenue collection reached Rs17.997 trillion, while total expenditure was Rs24.165 trillion, creating a gap of Rs6.168 trillion.
In open-market trading, the rupee strengthened by 76 paise for buying and 40 paise for selling against the dollar, closing at 283.86 and 284.90 respectively. The currency gained slightly against the UAE dirham and Saudi riyal but depreciated against the euro.