Pakistani Rupee Strengthens for 139th Straight Session, Returns to 278/USD Level

The Pakistani Rupee (PKR) continued its upward trend against the US Dollar (USD), closing in the green for the 139th consecutive trading session on Tuesday. The currency settled at 278.97 per dollar after gaining three paisas during the day.

This marks the first time in nearly two years that the rupee has strengthened to the 278 per USD level, a range last observed between March and June 2024. During that period, the currency remained relatively stable due to improved external inflows and reforms linked to the International Monetary Fund (IMF).

Following that phase, the rupee faced sustained pressure throughout 2025, largely trading above 278 due to rising import bills and external financing gaps. Its return to this level in April 2026 signals a comeback to a previous stability zone after approximately 22 to 24 months.

However, the rupee showed mixed performance against other major currencies. It remained stable against the UAE Dirham (AED) and Saudi Riyal (SAR), but recorded losses against the British Pound (GBP), falling by Rs. 2.83, and the Euro (EUR), declining by Rs. 2.29.

Economists suggest that the recent strengthening of the rupee reflects relative macroeconomic stability, though external risks and global currency fluctuations continue to pose challenges.