The Pakistani rupee extended its winning streak against the US dollar to 279 consecutive trading days on Tuesday, closing at Rs. 276.65 after gaining nearly one paisa.

The rupee has maintained its upward trend against the dollar since December 25, 2025.

However, currency market sentiment came under pressure after US President Donald Trump made fresh remarks about efforts to end the Iran war without mentioning Pakistan among the countries involved in the latest diplomatic discussions.

Trump said diplomatic efforts had gained positive momentum following his meeting with Qatar’s prime minister. He also indicated that further US strikes against Iran were unlikely for now. Pakistan and Qatar have both played roles in facilitating diplomatic efforts between Washington and Tehran. AP News+1

A currency trader said the omission of Pakistan from Trump’s latest remarks affected market sentiment, as traders had been responding positively to news about Pakistan’s diplomatic role.

Despite the concerns, the rupee continued to gain against the US dollar.

Rupee Performance Against Other Currencies

The Pakistani rupee weakened against several major currencies on Tuesday.

The euro gained Rs. 2.46 to reach Rs. 311.96, while the British pound increased by Rs. 1.52 to Rs. 372.15.

The Australian dollar rose by Rs. 1.31 to Rs. 191.50.

In contrast, the rupee gained around 65 paisas against the Canadian dollar, which fell to Rs. 195.98.

The Malaysian ringgit and Chinese yuan edged up slightly to Rs. 68.24 and Rs. 41.49, respectively.

The UAE dirham increased marginally to Rs. 75.33, while the Saudi riyal slipped slightly to Rs. 73.70.

Overall, the rupee maintained its long-running advance against the US dollar despite mixed movements against other major currencies.