US Dollar Surges to Rs 286.47 on July 16, 2025, Pressuring Rupee Further
On July 16, 2025, the US dollar (USD) recorded a sharp rise against the Pakistani rupee (PKR), climbing to Rs 286.47 in the interbank market—a gain of nearly Rs 2.00 (+0.64%) from the previous day’s close of Rs 284.47. This marks the highest level the dollar has reached so far this year.
Market Snapshot
1 USD = Rs 286.47 (interbank)
Open market rates hovered slightly higher, around Rs 288.
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This upward movement comes amid strong global demand for the dollar, ongoing pressure on Pakistan’s foreign reserves, and increased outflows for import payments. The rupee had been trading within a tight band of Rs 284.30 to Rs 285.75 over the past week, but today’s surge breaks that trend and raises concern about further depreciation.
Currency experts attribute the jump to a combination of factors, including increased demand from importers, slow remittance inflows, and tighter global monetary conditions. Without active intervention from the State Bank or a boost in external financing, the USD to PKR rate may soon test the Rs 290 level.
Looking Ahead
Analysts warn that if current trends continue, the rupee could come under added pressure, especially with Eid-related import activity and remittance inflows peaking soon. The State Bank may be forced to intervene to prevent further weakening.
Expert View
According to a senior currency analyst, “If remittances remain weak and import demand stays high, the dollar could breach Rs 290 in the short term. Importers and families dependent on foreign income should prepare for more costly conversions.”
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