The latest figures from the Exchange Companies Association of Pakistan today revealed a sharp increase in the exchange rates of major currencies, with the US Dollar and Euro seeing significant hikes. The US Dollar now trades between 281.87 and 282.40, while the Euro has soared to a range of 330.45 to 333.59.

The British Pound and Japanese Yen also witnessed upward movements, exchanging at 379.20 to 382.85 and 1.87 to 1.92, respectively. Meanwhile, the rates for the UAE Dirham and Saudi Riyal have climbed to 76.89 to 77.67 and 75.11 to 75.76, respectively.

Market analysts are closely monitoring these developments, which could impact various sectors of the economy, with particular focus on import-export businesses. The interbank rate, a key indicator for foreign exchange transactions, has also recorded a slight rise, standing between 281.35 and 281.55.

The fluctuating currency values are raising concerns among traders and consumers alike, prompting calls for a strategic response to stabilize the market. As the situation unfolds, stakeholders remain vigilant to the potential consequences on the national economy.