The Pakistani rupee posted a slight gain against the US dollar on Thursday, closing at 279.65 in the inter-bank market, marking an increase of Re0.01 from Wednesday’s closing rate of 279.66.
State Bank of Pakistan Governor Jameel Ahmad said the country’s economy is expected to grow between 3.75% and 4.75% in FY26, signalling a gradual recovery amid improving macroeconomic indicators and stabilising financial conditions.
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SBP chief reiterated that Pakistan has regained macroeconomic stability, with the central bank focusing on sustaining growth, strengthening economic fundamentals, and providing confidence to investors and traders across domestic and international markets.
Internationally, the Japanese yen strengthened against the US dollar, trading near 153.05 after briefly reaching 152.55, reflecting renewed market optimism following Prime Minister Sanae Takaichi’s party landslide victory and positive economic sentiment in Japan.
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The US dollar was briefly lifted by stronger-than-expected job data, but investors interpreted signs of US economic resilience as a cue for global growth improvement, prompting speculation that Japan could benefit from these developments.
Oil prices edged higher on Thursday amid concerns over rising tensions between the US and Iran, with Brent crude up 27 cents at $69.67 per barrel and WTI increasing 29 cents to $64.92.
Both Brent and WTI benchmarks had settled higher on Wednesday, with gains of 0.87% and more than 1.05% respectively, as geopolitical risks outweighed the impact of a US crude stock build.
