USD to PKR Exchange Rate – Closing Market Report (September 4, 2025)

The Pakistani Rupee (PKR) showed a slight appreciation against the US Dollar (USD) on Thursday, September 4, 2025. Both the interbank and open markets reflected this positive movement, indicating a stable demand-supply balance in the forex markets.

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🏦 Interbank Market – Closing Rates

• Buying Rate: PKR 281.53
• Selling Rate: PKR 281.73
  Source: Business Recorder

Market Insight:
The interbank market closed with a narrow spread of PKR 0.20, suggesting balanced liquidity conditions. The slight appreciation of the PKR indicates steady inflows and controlled demand for USD in formal banking channels.

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💵 Open Market – Closing Rates

• Buying Rate: PKR 283.20
• Selling Rate: PKR 283.20
  Source: Forex.pk

Market Insight:
The open market closed with a consistent premium over interbank rates, reflecting sustained demand for physical USD. This premium is typical in retail and cash-based transactions, indicating active participation from importers, remittance recipients, and retail buyers.

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📊 Closing Rate Comparison

Market Segment	Buying Rate	Selling Rate	Spread	Premium vs Interbank
Interbank	281.53	281.73	0.20	—
Open Market	283.20	283.20	0.00	~PKR 1.47

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🔍 Market Outlook

• The interbank market shows stability with minimal volatility, suggesting a controlled forex environment.
• The open market premium indicates continued demand for physical USD, driven by import activities and cash transactions.
• Traders and investors are advised to monitor upcoming economic indicators and global market trends, as these factors could influence the USD/PKR exchange rate in the near term.

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