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The Pakistani rupee (PKR) continued its winning streak on Monday, marking its 33rd consecutive gain against the US dollar and closing at Rs280.80, up by one paisa in the interbank market.
According to market data, the rupee has appreciated 1.11% in FY2025–26 to date, reflecting ongoing stability despite political tensions surrounding the proposed 27th Constitutional Amendment.
Financial analysts said the amendment aimed at forming a new Federal Constitutional Court (FCC) has limited short-term impact on the forex market.
“This move is largely political; traders remain confident in the rupee’s near-term stability,” said a senior forex dealer.
However, the PKR showed mixed performance against other major currencies. It lost Rs1.43 against the Canadian dollar, Rs1.28 against the Australian dollar, and 90 paisas against the Euro, while remaining stable against the UAE dirham and Saudi riyal.
Experts note that the rupee’s continued strength reflects improving market confidence, controlled import demand, and sustained remittance inflows, though they caution that external pressures could re-emerge later in FY2026.
