SGD/PKR Price & Performance (SGDPKR)

Today, the Pakistani rupee weakened further against the US dollar, closing at PKR 280.37 in the interbank market. This marks a 0.04% decline from the previous session. Over the fiscal year, the rupee has depreciated by 0.72%, reflecting persistent pressure on the local currency amid fluctuating exchange rates with other major currencies.1

The Pakistan Stock Exchange (PSX) is expected to maintain its bullish trend, bolstered by optimism over ongoing IMF negotiations. The KSE-100 index recently surpassed 119,000 points, driven by strong performances in exploration and technology sectors. Improved economic indicators, including a narrowed current account deficit, also contributed to the market's positive outlook.2

Ripple (XRP) rose to PKR 686.33 in the open market today, up from PKR 676.17 yesterday. This increase aligns with broader cryptocurrency market trends. Ripple, managed by its parent company as an alternative to SWIFT, continues to draw attention for its use in financial systems, diverging from traditional decentralized cryptocurrencies.3