Rupee Records 100th Consecutive Gain. The Pakistani Rupee (PKR) continued its impressive upward momentum as it recorded its 100th consecutive gain against the US Dollar (USD) on Friday. The local currency closed in green once again, marking a significant milestone in its sustained recovery trend.
This consistent performance reflects improved market confidence, stable foreign exchange reserves, and controlled demand for the dollar in the interbank market. Analysts believe that the rupee’s steady appreciation signals a positive outlook for Pakistan’s economic stability.
PKR Closes Strong at 279.62 Against USD
During the latest trading session, the Pakistani rupee gained three paisas against the US Dollar, closing at 279.62 in the interbank market. Although the gain may appear small on a daily basis, the cumulative effect of 100 consecutive sessions in green highlights a remarkable turnaround for the local currency.
Currency dealers noted that balanced demand and supply conditions, along with improved remittance inflows and export receipts, contributed to the rupee’s consistent upward trend.
Government and State Bank’s Position on Rupee Stability
The Government of Pakistan and the State Bank have reiterated that there is no plan for further depreciation of the rupee. Authorities have emphasized their commitment to maintaining exchange rate stability and preventing unnecessary volatility in the currency market.
Market experts believe that firm regulatory oversight and prudent monetary policies have played a key role in strengthening investor confidence and stabilizing the rupee against the dollar.
Performance Against Other Major Currencies
While the rupee showed mixed performance against regional currencies, it posted notable gains against several major international currencies during the latest session.
PKR vs UAE Dirham (AED) and Saudi Riyal (SAR)
The rupee closed slightly in red against the UAE Dirham (AED) but remained stable overall. Against the Saudi Riyal (SAR), the rupee managed to close in green, reflecting minor but positive adjustments in the exchange rate.
Strong Gains Against British Pound and Euro
The Pakistani rupee recorded significant gains against the British Pound (GBP) and Euro (EUR) during the session.
- PKR gained 65 paisas against GBP
- PKR gained 60 paisas against EUR
These improvements indicate stronger relative performance of the rupee compared to major European currencies.
Appreciation Against Australian and Canadian Dollars
The rupee also strengthened against commodity-linked currencies.
- It gained Rs. 1.60 against the Australian Dollar (AUD)
- It gained 68 paisas against the Canadian Dollar (CAD)
Such gains suggest improved external trade dynamics and balanced foreign currency demand.
Latest Interbank Exchange Rate Summary
Here is a summary of the recent exchange rate movements over the past three trading sessions:
| Currency | 11-Feb-2025 | 12-Feb-2025 | 13-Feb-2025 | Change (+/-) |
|---|---|---|---|---|
| USD | 279.6615 | 279.6518 | 279.6231 | +0.0287 |
| EUR | 333.2307 | 332.1844 | 331.5771 | +0.6073 |
| GBP | 382.4232 | 381.4311 | 380.7768 | +0.6543 |
| AUD | 198.7834 | 199.1680 | 197.5677 | +1.6003 |
| MYR | 71.2332 | 71.5497 | 71.6065 | -0.0568 |
| CNY | 40.4676 | 40.5199 | 40.4685 | +0.0514 |
| CAD | 206.8120 | 205.9823 | 205.2958 | +0.6865 |
| AED | 76.1388 | 76.1361 | 76.1376 | -0.0015 |
| SAR | 74.5625 | 74.5679 | 74.5602 | +0.0077 |
The data shows that the rupee performed strongly against most global currencies, with only minor declines against a few regional units.
Factors Supporting the Rupee’s Continued Rise
Several economic factors are contributing to the rupee’s sustained appreciation:
1. Improved Forex Reserves
Pakistan’s foreign exchange reserves have shown relative stability, helping strengthen the local currency.
2. Increased Remittance Inflows
Overseas Pakistani remittances continue to provide strong support to the dollar supply in the market.
3. Controlled Import Payments
Tighter import regulations and improved trade management have reduced pressure on the rupee.
4. Market Confidence
Consistent policy measures and regulatory oversight have restored confidence among investors and currency traders.
What This Means for Pakistan’s Economy
A stable and appreciating rupee brings multiple economic benefits. It helps:
- Reduce import costs
- Control inflationary pressure
- Improve business confidence
- Strengthen investor sentiment
However, experts caution that long-term sustainability will depend on continued structural reforms, export growth, and fiscal discipline.
Conclusion
The Pakistani rupee’s 100th consecutive gain against the US Dollar marks a historic milestone in the country’s foreign exchange market. Closing at 279.62 after gaining three paisas, the rupee continues to show resilience and steady recovery.
With gains recorded against major global currencies such as the British Pound, Euro, Australian Dollar, and Canadian Dollar, the local currency’s performance reflects improving macroeconomic conditions. If current trends continue, the rupee may maintain its upward trajectory in the coming weeks.
