Rates

USD to PKR Exchange Rate – Opening Market Report (May 28, 2025)

The Pakistani Rupee (PKR) opened Wednesday’s trading session with a slight depreciation against the US Dollar (USD), reflecting cautious sentiment in the forex market. As the federal budget announcement approaches and discussions with the International Monetary Fund (IMF) continue, traders are closely monitoring economic indicators.

💱 Interbank USD to PKR Opening Rates (May 28, 2025):

Buying Rate: PKR 282.45
Selling Rate: PKR 282.65ARY NEWS+4Hamariweb.com+4Times Of Karachi+4

According to data from the State Bank of Pakistan, the interbank rate has increased by PKR 0.10 from the previous session, indicating a 0.035% depreciation of the PKR. Hamariweb.com

💸 Open Market USD to PKR Opening Rates (May 28, 2025):

Buying Rate: PKR 280.65
Selling Rate: PKR 282.15ARY NEWS+4Daily Ausaf+4National Bank of Pakistan+4

The open market rates remain stable, with exchange companies reporting consistent demand and adequate supply of USD.

📊 Forex Market Overview – May 28, 2025

The PKR continues to trade within a tight range, supported by steady remittance inflows and controlled import demand.
Market participants are awaiting clarity on fiscal policies and potential IMF support as the budget announcement nears.
Globally, the US Dollar Index remains relatively unchanged, providing a neutral backdrop for emerging market currencies like the PKR.

🔍 Key Factors to Monitor Today

Updates from the Ministry of Finance regarding the upcoming federal budget.
Progress in IMF negotiations and any related policy reforms.
Fluctuations in global commodity prices, particularly crude oil, which can impact Pakistan’s trade balance.

🔮 PKR Outlook for Today

The Pakistani Rupee is expected to maintain its current trajectory, trading within a narrow band. Barring any unexpected economic developments, the currency is likely to remain stable throughout the day.

Stay Updated with Daily Forex Pakistan.

Yasher Rizwan