The State Bank of Pakistan (SBP) released its mark-to-market revaluation rates for Monday, June 8, 2026, showing the US Dollar (USD) and other major currencies against the Pakistani Rupee (PKR). The interbank market saw the USD trading at 278.4033 PKR, virtually unchanged from Friday, reflecting sustained stability that has become the norm under the central bank’s management. Forward rates showed a gradual premium, with one-week at 278.8169 and one-year at 291.2324, offering predictability for importers and exporters after years of turmoil.
The Saudi Riyal (SAR) was quoted at 74.1104 PKR, barely moved due to its peg to the dollar, while the UAE Dirham (AED) stood at 75.7952 PKR. Both currencies, crucial for remittances from millions of Pakistani workers in the Gulf, maintained their steady corridors. The Qatari Riyal (QAR) traded at 76.3648 PKR, and the Kuwaiti Dinar (KWD) remained the heavyweight at 906.1133 PKR, reflecting its inherent strength. The Bahraini Dinar (BHD) was at 738.2746 PKR, providing high value for remittance families.
Among other currencies, the Australian Dollar (AUD) dipped to 196.3161 PKR, driven by soft commodity prices and the Reserve Bank of Australia’s cautious stance, offering relief for Pakistani students and importers. The Canadian Dollar (CAD) came in at 199.5651 PKR, slightly ahead of the Aussie, supported by steady remittance flows from Canada’s Pakistani diaspora. The Pakistani Rupee’s stability across these pairs underscores the SBP’s tight management, with forward rates indicating a controlled depreciation trajectory.
Source: ARY News