USD to PKR Rates On July 23, 2025 – US Dollar edges towards Rs 289 as Rupee remains under pressure

The US dollar continued its upward trend against the Pakistani Rupee on July 23, 2025, with both interbank and open‑market rates reflecting sustained demand and limited dollar inflows.

In the interbank market, the US dollar reached Rs 285.35, marking a modest rise of Rs 0.10 from yesterday. The open‑market selling rate climbed to Rs 288.70, underlining continued demand within trading corridors.

Market analysts highlight persistent demand for the US dollar amid import obligations and repatriation of earnings. An economist in Karachi explains that limited dollar supply and cautious reserve management by the central bank are key factors keeping the USD elevated. “Unless remittance flows pick up or dollar inflows increase significantly, we may continue to see pressure on the PKR,” the expert adds.

Currency specialists expect the dollar to remain underpinned in the short term. If global interest rate trends stay strong and Pakistan’s foreign currency reserves remain tight, the dollar may test Rs 290 soon. Alternatively, any improvement in remittance volumes or inflows from external funding (e.g., IMF) could help the Rupee stabilise.

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