Pakistan’s currency recorded one of its strongest performances in recent years during fiscal year 2025-26, ending the long-running pattern of annual depreciation against major global currencies.
According to currency market data, the Pakistani rupee remained stable and strengthened against several major international currencies during the last fiscal year.
Currency dealers said the performance marked a break from the tradition of the rupee losing value every year.
The report showed that the Pakistani rupee appreciated by Rs5.60 against the US dollar during FY2025-26. The value of the US dollar declined from Rs283.76 to Rs278.16 over the course of 12 months.
Gains recorded against other major currencies
The British pound also became cheaper by Rs20.83 against the Pakistani rupee during the fiscal year. Similarly, the euro declined by Rs5.73 against the rupee, reflecting the local currency’s stronger performance.
Currency dealers also said the Pakistani rupee appreciated against the UAE dirham. According to the report, the Saudi riyal depreciated by Rs1.53 against the Pakistani rupee.
Crackdown on dollar black market cited
Chairman ECAP said an effective crackdown on the black marketing of the US dollar was carried out on the instructions of the Field Marshal.
He added that the measures helped reduce illegal currency trading and contributed to exchange rate stability.
The ECAP chairman also said there was a significant decline in the flight of dollars to Afghanistan and other countries. According to market experts, the reduction in dollar outflows helped support the rupee during the fiscal year.
Currency dealers hail rupee’s performance
Currency dealers described FY2025-26 as a positive year for the Pakistani rupee, saying it remained stable against several major global currencies.
They noted that the stronger performance reflects improved confidence in the local currency compared with previous years.
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