Dollar Rate in Pakistan Today
Keeping track of the dollar rate in Pakistan today is important for businesses, investors, and everyday consumers. Exchange rates affect everything from import costs to fuel prices and remittances. This article provides the latest update on the US dollar price against the Pakistani rupee for Wednesday, 17 September 2025, including rates in both the open market and interbank market.
Today’s Dollar Rate in Pakistan – 17 September 2025
On 17 September 2025, the US dollar continues to hold a steady position against the Pakistani rupee with slight variations in different markets. Here’s a detailed look at today’s buying and selling rates.
Dollar Price in the Open Market
The open market dollar rates are usually slightly higher than the interbank rates because they reflect the retail currency trading accessible to individuals and smaller businesses.
- Buy Price: PKR 282.35
- Sell Price: PKR 282.55
These rates represent the prices at which currency dealers buy and sell dollars from customers. The open market is often influenced by demand and supply, as well as global currency fluctuations.
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Dollar Price in the Interbank Market
The interbank market is where banks and financial institutions trade foreign currencies with each other, usually in large volumes. These rates tend to be more stable and slightly lower than open market rates.
- Buy Price: PKR 281.40
- Sell Price: PKR 281.90
The interbank market rates are important for businesses engaged in international trade and government transactions, as they reflect the official pricing more accurately.
| Category | Date | Buy Price (PKR) | Sell Price (PKR) |
|---|
| Open Market Rate | 17 September 2025 | 282.35 | 282.55 |
| Interbank Rate | 17 September 2025 | 281.40 | 281.90 |
Why Is There a Difference Between Open Market and Interbank Rates?
You might notice a small difference between the open market and interbank dollar prices. This is normal because:
- The interbank market deals with large-scale currency exchanges and usually offers better rates due to volume and regulatory oversight.
- The open market caters to individual buyers and smaller traders, where rates include additional costs like dealer margins and less liquidity.
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How Dollar Rate Fluctuations Affect Pakistan’s Economy
Changes in the dollar to rupee exchange rate have wide-ranging impacts, such as:
- Imports and Exports: A higher dollar rate increases the cost of imported goods, affecting the prices of everyday items.
- Inflation: Currency depreciation can push inflation higher as import prices rise.
- Fuel Prices: Since oil is priced in dollars globally, changes in the exchange rate directly impact fuel costs.
- Foreign Debt: Pakistan’s debt servicing costs can increase with a weaker rupee, affecting government spending.
Monitoring the dollar rate helps businesses and consumers prepare and adjust accordingly.