Pakistani Rupee Stabilization Linked To Ramadan Remittances

As of March 1, 2026, the Pakistani rupee is projected to maintain stability or even appreciate slightly due to seasonal remittance inflows during Ramadan and Eid. The currency traded within a narrow range, closing at 279.47 against the dollar, with a modest appreciation of approximately 60 paisa since the beginning of the year. The International Monetary Fund (IMF) has initiated discussions for the third review of a $7 billion Extended Financing Facility (EFF), which could lead to a disbursement of about $1 billion by the end of April. According to Tresmark, "Seasonal remittance inflows around Ramazan and Eid are likely to keep the rupee well bid in the near term," despite ongoing geopolitical tensions in the region, including conflicts involving the U.S. and Israel.