Iranian rial shoots up against Pakistani rupee, rising from Rs2,500 to Rs10,000

Iran’s currency has made a sharp comeback in Pakistan’s open market, with dealers saying its value has increased nearly four times in recent days.

According to market participants, 10 million Iranian rials, which were earlier trading at around PKR 2,500, are now being exchanged for about PKR 10,000. The sudden jump has caught attention among traders and currency dealers.

Dealers say the rise is mainly due to growing hopes that the ongoing conflict involving Iran could come to an end. Expectations that sanctions on Iran may be eased have also boosted confidence in the currency.

Some traders also pointed to reports that Iran’s oil production has increased by around 30% during the conflict. This has added further support to the rial, as higher oil output can improve the country’s economic outlook.

The rebound, recorded as of April 1, 2026, marks a significant recovery from recent lows and reflects how quickly sentiment in the market can change based on political and economic developments.

While the surge has excited some traders, others say the situation remains uncertain and closely tied to how events unfold in the region.