USD to PKR Exchange Rate (September 23, 2025)

The Pakistani Rupee (PKR) opened Tuesday’s trading session with a slight depreciation against the US Dollar (USD), continuing cautious sentiment in the forex market. Both interbank and open markets reflect steady activity, with the open market maintaining a premium over interbank rates due to sustained demand for physical USD.

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🏦 Interbank Market – Opening Rates

• Buying Rate: PKR 281.45
• Selling Rate: PKR 281.70

Market Insight:
The interbank market opened with a narrow spread of PKR 0.25, suggesting stable liquidity conditions. The slight depreciation of the PKR indicates moderate demand for USD in formal banking channels, with minimal volatility observed at the start of the day.

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💵 Open Market – Opening Rates

• Buying Rate: PKR 282.90
• Selling Rate: PKR 283.50

Market Insight:
The open market opened with a consistent premium over interbank rates, reflecting continued demand for physical USD. Retail buyers, importers, and remittance recipients contribute to this ongoing premium, signaling healthy market activity.

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📊 Opening Rate Comparison

Market Segment	Buying Rate	Selling Rate	Spread	Premium vs Interbank
Interbank	281.45	281.70	0.25	—
Open Market	282.90	283.50	0.60	~PKR 1.45

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🔍 Market Outlook

• Interbank market shows stability with minimal volatility, indicating a controlled forex environment.
• Open market premium suggests sustained demand for USD cash, driven by import and remittance activity.
• Traders should watch for upcoming economic indicators, including global market developments, which could influence the USD/PKR rate throughout the day.

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