USD to PKR Exchange Rate – Opening Market Report (August 18, 2025)

The Pakistani Rupee (PKR) began Monday’s session with a mild weakening against the US Dollar (USD), reflecting steady demand in both interbank and open market channels. Market participants are closely watching global cues and domestic economic indicators for direction.

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🏦 Interbank Market – Opening Rates

• Buying Rate: PKR 283.10
• Selling Rate: PKR 283.30
  Source: State Bank of Pakistan

Market Insight:
The interbank session opened with a tight spread of PKR 0.20, suggesting a balanced market with sufficient liquidity. The slight depreciation reflects moderate demand for USD in formal banking transactions and cautious investor sentiment ahead of key economic data releases.

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💵 Open Market – Opening Rates

• Buying Rate: PKR 284.25
• Selling Rate: PKR 285.25
  Source: Forex.pk

Market Insight:
The open market shows a premium over interbank rates, indicating active buying of USD for cash and trade-related purposes. This spread is typical in retail transactions and highlights consistent demand for physical dollars.

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📊 Opening Rate Comparison

Market Segment	Buying Rate	Selling Rate	Spread	Premium vs Interbank
Interbank	283.10	283.30	0.20	—
Open Market	284.25	285.25	1.00	~PKR 1.15

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🔍 Market Outlook

• The interbank market remains stable, with a limited gap between buying and selling rates, reflecting healthy liquidity.
• The open market premium points to ongoing retail and import-driven demand for USD.
• Traders and businesses are advised to watch for upcoming US economic data, domestic fiscal updates, and forex interventions, as these may influence PKR movement throughout the week.

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