Dollar, Riyal and Dirham Rates Fluctuate as Foreign Exchange Market Shows Mixed Trends on May 1, 2026

Karachi: The Pakistani currency market continued to reflect global financial trends on May 1, 2026, as foreign exchange rates showed minor fluctuations, keeping overall market sentiment uncertain.
According to updated figures from open market and interbank trading, the value of major foreign currencies including the US dollar, Saudi riyal, and UAE dirham remained under slight pressure amid ongoing global economic shifts. Exchange rate movements are directly impacting import costs, petroleum prices, raw materials, and industrial production expenses.
Open Market Rates:
The US dollar was recorded at Rs279 for buying and Rs279.80 for selling. The British pound stood at Rs376.05 (buying) and Rs381.81 (selling), while the euro was traded at Rs325.58 (buying) and Rs330.83 (selling).
The Saudi riyal was priced at Rs74.35 (buying) and Rs75.40 (selling), whereas the UAE dirham stood at Rs75.95 (buying) and Rs76.95 (selling). Other Gulf currencies such as the Qatari riyal and Kuwaiti dinar also maintained higher exchange values, reflecting continued demand.
Interbank Rates:
In the interbank market, the US dollar was recorded at Rs278.70 (buying) and Rs279.20 (selling). The euro stood at Rs325.09 and Rs325.67, while the British pound was traded at Rs375.52 and Rs376.19 respectively.
The Saudi riyal was exchanged at Rs74.31 (buying) and Rs74.45 (selling), showing relative stability compared to open market fluctuations.
Market Outlook:
Financial experts say that the limited movement in foreign exchange rates indicates a relatively stable currency market. However, they caution that global financial pressures and import demand may continue to cause volatility in the coming days, potentially affecting domestic pricing trends.