USD to PKR Rates On July 24, 2025 – US Dollar Strengthens Toward 285 PKR
In today’s interbank trading, the US dollar showed renewed strength against the Pakistani rupee, continuing its recent upward drift. Meanwhile, open-market rates edged higher, reflecting a wider spread between official and parallel market channels.
| Market | Buying (PKR) | Selling (PKR) | Change (24‑hour) |
|---|---|---|---|
| Interbank (mid) | 284.70 | — | –0.52% |
| Open Market | 288.30 | — | +0.00% approx. |
Interbank benchmarks show the US dollar trading near 284.70 PKR, a decline of roughly 0.52% from its recent peak, yet still close to last week’s high of 284.98 PKR and inside a broader 284.70–284.98 PKR band. In open markets, 1 USD buys around 288.30 PKR, which is significantly above the official interbank rate by about 1.3%, indicating persistent pressure in the parallel segment.
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Analysts attribute today’s modest interbank dip to slight central bank intervention, though without substantial inflows, USD/PKR continues to hover near the 285 PKR mark. The difference between open and interbank rates is largely due to importer demand and remittance timing.
A currency strategist notes that unless Pakistan secures substantial foreign exchange inflows—via remittances, commodity exports, or IMF support—any central bank intervention may only provide temporary relief. With limited upward breathing room, analysts forecast the dollar to remain between 284 and 286 PKR in the interbank market, while open‑market rates may test 290 PKR if demand intensifies.
USD/PKR is likely to trade in a tight 284–286 PKR band in the interbank market, with open‑market potential to breach 290 PKR on liquidity constraints. A breakthrough in foreign inflows could narrow the official-parallel gap and ease pressure on the rupee.
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