PKR Stability: GCC Remittances Cross Record Inflows to Support Reserves

Foreign Exchange Liquidity

The Pakistani Rupee (PKR) has maintained an orderly and stable parity against the US Dollar, underpinned by formal banking channel remittances from overseas workers in the Gulf and Western Europe.

Macroeconomic Stability

• Current Account Health: Robust remittance flows combined with controlled import licensing have contained the current account deficit within sustainable boundaries.
• Foreign Reserves: SBP liquid foreign exchange reserves provide essential import cover and instill confidence across commercial banks.

Market Reflection

Currency stability has eliminated panic devaluation hedging, allowing capital to flow productively into domestic listed corporate equities.