Pakistani Rupee Slips Against US Dollar, GBP Continues Gains
The State Bank of Pakistan (SBP) released its Mark-to-Market Currency Rates for Monday, August 3, 2026. The Pakistani rupee opened slightly weaker against the US Dollar (USD), which was quoted at 277.7732 in the interbank/ready market, compared to 277.8036 on July 31.
The Saudi Riyal strengthened from Rs73.9843 to 73.9683, and UAE Dirham appreciated from 75.6422 to 75.6339 PKR. The Canadian Dollar dropped back from 198.1481 to 197.8512 PKR, a 30-paisa correction for the rupee.
The British Pound (GBP) rose from 373.4513 to 373.6883, a nearly 24 paisa jump and extended the gains from lows touched at the end of July. The Bahraini Dinar and Omani Riyal held relatively steady with gains seen against the rupee, quoted at 737.7012 for the Dinar and 721.4607 PKR for the Omani Riyal.
The forward curve continues to reflect a gradual depreciation story, although nothing spectacular. The 1-month dollar forward quoted at 279.2951 implies that 52 paisas of weakness is being priced into the market over the next thirty days.