PKR settles below 278 per dollar for first time since December 2024

PSX Update • Jul 16, 2026

The Pakistani rupee closed below the PKR 278-per-US dollar mark for the first time since December 9, 2024, after posting a marginal gain in Thursday's interbank session.

July 16, 2026 (MLN):  The Pakistani rupee closed below the PKR 278-per-US dollar mark for the first time since December 9, 2024, after posting a marginal gain in Thursday's interbank session. The local currency strengthened by 2.83 paisa against the US dollar to settle at PKR 277.97, compared with the previous close of PKR 278.00. During the session, the local currency traded between an intraday high of PKR 278...