By Uzma Sahar 
The Pakistani rupee (PKR) continued its impressive streak on Monday, closing in positive territory against the US Dollar for the 72nd consecutive day. The greenback eased slightly, with the PKR gaining one paisa to close at 280.10, as investors welcomed renewed stability in the currency market.
The rupee’s gains were not limited to the US Dollar. PKR also strengthened against most major currencies during today’s trading session, reflecting growing market confidence and improved liquidity conditions in Pakistan’s foreign exchange market.
Analysts attribute the rupee’s sustained recovery to a combination of factors, including remittance inflows, better-than-expected export performance, and cautious monetary policy signals from the State Bank of Pakistan. These elements have helped stabilize the currency amid a challenging global economic environment.
The PKR’s gradual appreciation is notable, given past periods of volatility. For months, the rupee faced pressure due to external debt obligations, trade deficits, and global dollar strength. The current streak signals improving market sentiment and investor optimism about Pakistan’s macroeconomic stability.
Despite modest gains, the rupee remains just above the 280 mark, slowly approaching the psychologically significant 279 level against the US Dollar. Market participants are closely monitoring daily currency movements, with expectations that continued inflows and supportive fiscal measures could further strengthen the rupee.
Currency experts caution, however, that the PKR’s performance remains sensitive to global oil prices, geopolitical developments, and shifts in international financial markets. Continued vigilance by policymakers and consistent inflows will be essential to maintain the momentum.
The 72-day winning streak represents one of the longest periods of sustained gains in recent years, highlighting resilience in Pakistan’s foreign exchange market. Investors and businesses are closely tracking the trend, as currency stability is crucial for trade, imports, and overall economic confidence.
With the new week underway, analysts suggest that further gains are possible if current conditions persist. The rupee’s steady performance offers some relief to importers and businesses dependent on foreign currency, while also boosting confidence among local investors and remittance-dependent households.
Pakistan’s ongoing efforts to stabilize the rupee through market-friendly policies and regulatory support have contributed to the current trend. A cautious but sustained approach by the central bank, combined with external inflows, has provided the currency with much-needed support.
As the rupee continues to navigate global and domestic challenges, its performance will remain a key indicator of Pakistan’s economic health. Investors and market watchers are optimistic that the current trend could signal a turning point in the country’s currency market.