The Pakistani Rupee traded in a tight range around Rs. 280 per US Dollar this week, supported by improving foreign exchange reserves that crossed the $14 billion mark — the highest level since late 2023. The stability comes as Pakistan continues to meet IMF program benchmarks.
Key Reserve Drivers
- Worker remittances: Record $3.2B in February 2026, up 22% year-on-year
- IMF tranche: $1.1B disbursement received in late February
- Export growth: IT exports crossed $400M monthly for the first time
- Saudi deposit: $2B placement rolled over for another year
Outlook
Analysts expect the PKR to remain broadly stable in the 278-285 range through Q2 2026, barring any external shocks. The key risk remains oil prices — a sustained move above $90/barrel could pressure the current account and weaken the Rupee.