The Pakistani rupee remained under significant pressure on Wednesday, with the US dollar’s selling rate in the open market nearing the 281 mark.
According to figures from the Exchange Companies Association of Pakistan, the greenback was quoted at Rs. 279.97 for buying and Rs280.56 for selling, showing a notable gap with the interbank market where the American currency was valued between Rs279.51 and Rs. 279.71.
Other major European currencies also demonstrated a firm position against the local unit. The Euro was traded with a buying price of Rs. 329.91 and a selling price of Rs. 332.76.
Similarly, the Pound Sterling was exchanged at a buying rate of Rs. 378.17 and a selling rate of Rs. 381.38 in the open currency market.
Key Middle Eastern currencies also held strong, with the UAE Dirham available for purchase at Rs. 76.43 and for sale at Rs. 77.17. The Saudi Riyal was priced at Rs. 74.76 for buying and Rs. 75.38 for selling.
In Asian denominations, the Japanese Yen was valued with a buying price of Rs. 1.77 and a selling price of Rs. 1.84.