The British Pound Sterling breached the 371 threshold in the open market on Saturday, headlining a day of high valuations for major international currencies against the local unit, according to data released by the Exchange Companies Association of Pakistan.
The US dollar, a primary indicator of currency market health, was quoted with a buying rate of 279.17 and a selling rate of 280.18.
Significant strength was also observed in the Euro, which was valued for purchase at 320.60 and for sale at 324.01. The Pound Sterling registered a buying price of 367.67 and a selling price of 371.44.
In Asian trade, the Japanese Yen was pegged at 1.72 for buying and 1.79 for selling.
Key Middle Eastern currencies remained firm, with the UAE Dirham recorded at 75.95 (buying) and 76.73 (selling). The Saudi Riyal was similarly listed at 74.24 for purchase and 74.91 for sale.
These figures represent the day”s closing rates in the open currency market as compiled by the association.