The Pakistani rupee ended fiscal year 2025-26 on a strong note, posting gains against the US dollar, British pound, and euro while fully reversing the losses recorded during FY25.

The local currency closed FY26 at Rs. 278.1614 per US dollar, compared with Rs. 283.95 at the beginning of the fiscal year. This represents an appreciation of Rs. 5.79, or 2.04 percent, against the greenback.

The improvement marked a complete turnaround from FY25, when the rupee had weakened by Rs. 5.42, or 1.95 percent, to close at Rs. 283.76 per dollar after ending FY24 at Rs. 278.34.

The rupee came under pressure early in FY26, touching its weakest level of Rs. 285.224 per dollar on July 23, 2025. It later recovered steadily, gaining Rs. 7.06, or nearly 2.5 percent, from that low to finish the fiscal year at its strongest year-end level since FY24.

The currency remained broadly stable during the second half of the fiscal year as Pakistan’s external position improved, supported by robust workers’ remittances and rising foreign exchange reserves. By the end of FY26, the dollar had slipped below Rs. 279 in the interbank market.

Rupee Gains Against Pound

The Pakistani rupee also registered a notable recovery against the British pound during FY26.

It strengthened from Rs. 389.1876 per pound on July 2, 2025, to Rs. 368.0214 at the end of the fiscal year, appreciating by Rs. 21.1662, or 5.44 percent.

Rupee Advances Against Euro

The rupee likewise recorded solid gains against the euro over the fiscal year.

The exchange rate improved from Rs. 334.4696 per euro at the start of FY26 to Rs. 316.9231 at year-end, reflecting an appreciation of Rs. 17.5465, or 5.25 percent.

The rupee’s performance against all three major currencies underscores a stronger external sector during FY26, aided by improved foreign exchange inflows and greater stability in Pakistan’s financial markets.