USD to PKR Exchange Rate (October 23, 2025)

Opening market report showing USD to PKR exchange rate on 23 October 2025

The Pakistani Rupee (PKR) opened today’s trading session against the US Dollar (USD) in a broadly steady stance, reflecting muted volatility in both formal and informal channels. While the interbank market shows marginal movement, the open-market continues to carry a modest premium, signalling ongoing demand for physical dollars amid controlled liquidity.

🏦 Interbank Market – Opening Rates

Buying Rate: PKR 281.50
Selling Rate: PKR 281.70

Market Insight:
The interbank market opened with a tight spread (approx. PKR 0.20), indicating balanced liquidity. The rate suggests limited pressure from demand or supply shocks overnight, and formal banking channels appear relatively calm heading into the day.

💵 Open Market – Opening Rates

Buying Rate: PKR 283.00
Selling Rate: PKR 283.50

Market Insight:
The open market continues to trade at a premium over the interbank rate (~PKR 1.30–1.80), pointing to continued demand for USD in cash/retail channels. Importers and remittance services are likely sustaining this spread as physical dollar availability remains the key driver.

📊 Opening Rate Comparison

Market Segment	Buying Rate	Selling Rate	Spread	Approx. Premium vs Interbank
Interbank	281.50	281.70	~0.20	—
Open Market	283.00	283.50	~0.50	~PKR 1.30–1.80

🔍 Market Outlook

Stability dominates the interbank market this morning, with no large directional swings evident.
Open market premium remains a feature of the cash-dollar segment, reflecting physical demand rather than speculative pressure.
Key watch-points for today include any commentary from the State Bank of Pakistan (SBP), significant remittance inflows/outflows, and global USD strength or weakness.
Should fresh macroeconomic data or external flows emerge, the modest premium may tighten or widen accordingly.

📌 For real-time tracking, intraday updates, and detailed closing market coverage, visit www.dailyforex.pk.

Yasher Rizwan