News · en.dailypakistan.com.pk

Forex Rates in Pakistan Today - October 17 2026 – US Dollar, Euro, Pound, Dirham, Riyal (Copy)

Forex rates in Pakistan recorded slight changes on October 17, 2026. The US dollar was bought at Rs277.40 and sold at Rs280.35. The British pound had a buying rate of Rs366.82 and a selling rate of Rs371.56, while the euro was bought at Rs310.64 and sold at Rs315.74. The article also lists UAE dirham and Saudi riyal rates, noting that these rates affect the rupee value of remittances that expatriate workers send to families in Pakistan.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Forex Rates in Pakistan Today - October 17 2026 – US Dollar , Euro , Pound , Dirham Riyal ( Copy )

Read the original on en.dailypakistan.com.pk ↗

Related news

  • Euro slides to fresh lows against US dollar and British pound despite ECB rate hikes

    The euro fell to its weakest level against the US dollar since mid-May 2025 and against the British pound since early June 2025, despite two ECB rate hikes this year. Drivers include an energy shock, France's debt crisis and a stronger dollar, which hit an 18-month high after US inflation rose to 3.7% in September, above forecasts. The euro traded at about $1.111 on Wednesday and was down more than 5% since late August. The ECB's deposit rate stands at 2.5% after a hike on 10 September, while eurozone inflation climbed to 3.8%, a three-year high. The spread between French and German 10-year yields rose above 150 basis points, the most since the euro debt crisis around 2011, as France's 2027 budget aims to save about €54 billion.

    euronews.com·▲ DXY▼ EUR/USD
  • Euro slides to fresh lows against US dollar and British pound despite ECB rate hikes

    The euro fell to about $1.111 on Wednesday, its weakest against the US dollar since mid-May 2025, and to roughly £0.842 against the pound, its lowest since early June 2025, despite two ECB rate hikes this year. The slide reflects soaring energy costs, a bond market revolt over French public finances and a stronger dollar, after US inflation rose to 3.7% in September and the dollar index hit an 18-month high. The ECB's deposit rate is 2.5%, well below the Fed's 3.75-4%, while eurozone inflation has climbed to 3.8%. The spread on French 10-year debt over German 10-year debt rose above 150 basis points, the most since the euro debt crisis around 2011, as French public debt hit a record 119% of GDP. Traders expect the ECB to hold rates on 29 October before raising them again later in the year.

    aol.co.uk·▼ EUR/USD▲ DXY
  • Gold rates in Pakistan today : 24 , 22 and 21 Karat prices on 17 October 2026pakobserver.net·
  • Currency exchange rates in Pakistan today – 17 October 2026pakobserver.net·
  • Sterling today: Pound edges lower; AI jitters cloud dollar outlook

    Sterling slipped 0.11% to $1.3314 and the euro fell 0.31% to $1.1203, its lowest close-equivalent level since Oct. 14, as AI-driven stock market jitters pulled U.S. rate expectations lower and called the dollar's safe-haven status into question. According to ING, the two-year U.S. OIS/SOFR rate has dropped 25 basis points since the Oct. 14 CPI print, moves ING's Francesco Pesole attributes almost entirely to AI concerns rather than macro factors. ING still sees a December Fed hike as a likely outcome and says the dollar index could return to 101 in the coming weeks. The euro also faces pressure from French protests, with the 10-year OAT-Bund spread hovering around 135-140 basis points.

    Yahoo Finance·▼ GBP/USD• DXYGBPUSDUS dollarinterest rates
  • Pound - to - Dollar Forecast : GBP / USD Bounces as US Treasury Yields Retreat

    GBP/USD rebounded toward 1.3250 after dropping to a 16-week low near 1.3160 following hotter-than-expected U.S. inflation data. Sterling was helped by UK GDP rising 0.1% in August against expectations of a 0.1% contraction, and by a pullback in U.S. Treasury yields that let the dollar give back part of its post-CPI gains. U.S. CPI rose 3.7% year on year in September, with core inflation at 2.6%, lifting expectations of another Fed hike; ING expects that move in December, while MUFG doubts the two further hikes priced by markets. UoB said GBP must hold above 1.3230 to sustain the recovery, with the 2026 low around 1.3140 a key downside level.

    currencynews.co.uk·▼ DXY▲ GBP/USD

Related markets

Currencies →Gold →

Latest news

  • CoreWeave Dropped 20% Last Week. Is It Time to Panic or Buy?

    CoreWeave shares fell more than 20% as of Oct. 16, driven mainly by concerns over debt and spending. The company carries about $35 billion in total debt against $5.5 billion in cash, with net interest payments reaching $640 million in the second quarter alone, unsecured bond yields approaching 15%, and an S&P rating of B+. Capital expenditure was just over $16 billion in the first half of 2026 and could reach $39 billion for the year, roughly triple its $12.4 to $13.2 billion revenue guidance. States are also weighing restrictions on data centers. On the positive side, second-quarter revenue rose 112% year over year and the backlog exceeded $104 billion. The author has reservations and sees the drop as an opportunity only for the most risk-tolerant investors, who might build a position slowly, while the company needs to prove it can convert its backlog efficiently and manage debt.

    Yahoo Finance·• NVDACoreWeaveAI investmentdefault risk
  • Apple’s iPhone Duo Sold Out In Minutes. The Last Time Apple Reinvented The Phone, One Apple Supplier’s Stock Soared About 1,200% In A Decade

    Apple's first foldable iPhone, the iPhone Duo, sold out within minutes of its worldwide preorders opening on Oct. 16, but buyers who ordered more than an hour later face a delay of nearly three months, according to Korea JoongAng Daily, which puts the U.S. starting price at $1,999. One unnamed supply-chain source said Foxconn's final-assembly yield was just above 60% heading into late September, against the 90%-plus rate Apple typically expects, and the hinge, which holds more than 100 parts, is cited as a constraint. Analyst Jeff Pu cut his 2026 shipment estimate from 7 million to 6 million, while reported forecasts range from about 6 million to 10 million units. The article also recalls that Skyworks Solutions, identified as the power-amplifier supplier of the original iPhone, rose about 1,200% over a decade, though those figures cover price only.

    Yahoo Finance·▲ AAPLAAPLsupply chaintech stocks
  • Why Sandisk Stock Shot Higher Today

    Sandisk shares jumped as much as 8.3% and were still up 7.9% at 11:24 a.m. ET, helped by a tech rebound and positive news in high-bandwidth memory (HBM). Nvidia has developed NVHBM, a custom HBM die with 15% lower power consumption and 30% higher bandwidth that links NVLink and HBM chips. A Seoul Economic Daily report says Nvidia asked Samsung Electronics to use TSMC's 3-nanometer process to make NVHBM dies, the first such collaboration between the two. Nvidia has also approached Micron and SK Hynix to standardize the process, which could free compute-die space for up to 30% additional compute. The article argues this suggests AI adoption still has room to grow, which would also benefit memory suppliers, and notes Sandisk trades at 19 times earnings and 6 times forward earnings.

    Yahoo Finance·semiconductorsNvidiaSanDisk
  • JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use

    JPMorgan is launching JPM Coin, its dollar deposit token, on Ethereum and will offer it to institutional clients there, as announced Monday and reported by Bloomberg. Emma Landriault, global head of Kinexys Labs, said Ethereum's liquidity and the fact that the bank's clients already use it drove the choice. The token targets large crypto firms that pay onchain and financial institutions active in tokenized assets, which can use it as onchain cash to settle trades or as collateral. JPM Coin debuted last year on Base, and it lets clients move dollars in seconds at any hour, whereas a transfer can otherwise take several days. JPMorgan's private Kinexys network already handles daily volume above $7 billion, the bank's payments arm handles around $12 trillion in daily payments, and Open Standard launched its OUSD stablecoin on Ethereum, Solana, Base and Tempo last month.

    Yahoo Finance·▲ ETH/USDT• JPMJPMorganstablecoinscrypto
  • Prediction : Amazon Next Chapter Could Be Its Most Important One Yet

    24/7 Wall St. sets a price target of $332.67 for Amazon (AMZN), 30.4% above the current $255.20, and rates the stock a buy with 70% confidence. The thesis rests on AWS, which grew 37% last quarter, its fastest pace in 18 quarters, while Amazon plans to spend about $200B in 2026 on AI infrastructure, chips, robotics and satellites. The article flags risks: trailing free cash flow turned negative at about -$7.6B after second-quarter capex rose 68.44%, and long-term debt climbed to $119.1B from $65.6B. It compares Amazon's valuation with Microsoft and Alphabet, and says the author would stay constructive if AWS growth stays above 30% and free cash flow turns positive in 2027.

    247wallst.com·▲ AMZNAmazoncloud computingAI investment
  • Explainer - What behind Egypt move towards possible military involvement in Saudi - Yemen conflict ?

    Egypt's parliament is expected to vote next week on authorising its armed forces to help defend Saudi Arabia against Houthi attacks from Yemen, if Riyadh requests support. President Abdel Fattah al-Sisi made the request in a Saturday speech, a clear escalation from Cairo's measured tone since the Iran war began, though Egypt has not publicly committed to a direct combat role. Egypt relies heavily on Gulf states for remittances, aid and deposits, including a $5.3 billion Saudi deposit at Egypt's central bank due this month. Analysts say security concerns, including a July drone strike on two gas vessels at Damietta and shared interest in Red Sea shipping, are pushing Cairo toward a more active stance. Egypt receives about $1.3 billion a year in US military aid and previously sent air and naval forces to the Saudi-led coalition in Yemen in 2015.

    al-monitor.com·▲ XAU/USDEgyptHouthiSaudi Arabia

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.