The Pakistani rupee (PKR) ended fiscal year 2025-26 by appreciating against the world’s top three currencies and reversing the losses recorded in FY25.
The local currency closed FY26 at Rs. 278.1614 per US dollar, compared with Rs. 283.95 at the start of FY25, up 2.04 percent or Rs. 5.79 against the greenback over the course of the year.
The recovery also reversed the heavy losses seen in FY25. PKR had closed FY25 at Rs. 283.76 against the US dollar, representing a 1.95 percent or Rs. 5.42 depreciation from Rs. 278.34 recorded on June 28 to end FY24.
During FY26, the rupee initially came under pressure and hit its weakest level of Rs. 285.224/$ on July 23, 2025, before reversing losses over the following months. From that low point to the FY26 close, the rupee appreciated by Rs. 7.06, or approximately 2.48 percent, against the dollar.
The currency remained stable after December 2025 as Pakistan’s economy started recovering, supported largely by healthy remittance inflows and stronger foreign exchange reserves.
By the close of FY26, the dollar had fallen below the Rs. 279 level in the interbank market, marking the rupee’s strongest year-end position since FY24.
British Pound
The Pakistani rupee also posted a strong recovery against the British pound during FY26.
The PKR strengthened from Rs. 389.1876 per GBP on July 2, 2025, to Rs. 368.0214 per GBP at the close of the fiscal year, gaining Rs. 21.1662 or approximately 5.44 percent.
Euro
The rupee likewise appreciated against the euro over the course of FY26.
The PKR improved from Rs. 334.4696 per EUR on July 2, 2025, to Rs. 316.9231 per EUR at the fiscal year-end, recovering Rs. 17.5465 or approximately 5.25 percent.
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