Dollar Rate in Pakistan Today USD Hits Rs 298 on 22 july 2025
US Dollar rises again in Pakistan on 22 July 2025. Open market hits Rs. 298 while interbank rate climbs. See full buying/selling rates and market impact.
By Raja Awais Ali
7/22/20251 min read
💱 Dollar Rate in Pakistan Today – 22 July 2025 Market Update
📌 Overview
The Pakistani Rupee (PKR) continued its downward trend on 22 July 2025, as demand for the US Dollar remained high in both interbank and open markets. Analysts point to increased import payments, global economic factors, and local uncertainty as key drivers of the currency pressure.
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💸 Today’s Dollar Rate in Pakistan
Interbank Buying Rate: Rs. 292.80
Interbank Selling Rate: Rs. 293.10
Open Market Buying Rate: Rs. 296.50
Open Market Selling Rate: Rs. 298.00
> 📉 PKR weakens further — nearing the Rs. 300 mark in the open market.
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🔎 What’s Causing the Dollar to Rise?
1. Import-Driven Dollar Demand
Banks and importers are buying large amounts of USD to settle international payments — especially for oil, electronics, and industrial goods — putting heavy strain on the rupee.
2. Economic and Political Uncertainty
Ongoing speculation around fiscal decisions and policy delays is keeping investors on edge. The demand for foreign reserves rises when confidence in the local currency falls.
3. Stronger Global Dollar
The US Dollar has strengthened globally due to market speculation of another interest rate hike by the US Federal Reserve, making it more expensive for emerging markets.
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📊 Comparison with Previous Days
Date Open Market Selling Change
20 July 2025 Rs. 296.00 —
21 July 2025 Rs. 297.50 +Rs. 1.50
22 July 2025 Rs. 298.00 📈 +Rs. 0.50 more
> ⚠ The rupee has lost Rs. 2.00 in the past 3 days.
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🛍 How It Affects the Public
More Expensive Imports: Prices for imported items like electronics, phones, and food will rise.
Gold Rate Increases: Since gold is priced in USD, it's directly impacted.
Fuel and Transport: Dollar-linked oil imports mean likely hikes in petrol and diesel prices.
Overall Inflation: Essential goods and medicines may see price jumps in the coming days.
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🧠 Expert Analysis
Currency experts say that unless there’s a strong dollar inflow through exports, remittances, or new IMF funding, the rupee will remain under pressure. Investor confidence is closely tied to economic stability and policy clarity.