# The demand for the Iranian rial has witnessed a sharp increase in Pakistan, with the currency reportedly gaining nearly fourfold against the Pakistani rupee.

*business · news · 2026-04-12 · The Nation*

## Key points

- The Iranian rial has gained nearly fourfold against the Pakistani rupee in recent weeks.
- Increased cross-border trade, especially in petroleum products, is driving higher demand for the rial.
- Speculative buying is a major factor behind the surge in rial purchases in Pakistan.
- Analysts warn the rial's appreciation is not supported by strong economic fundamentals and may reverse quickly.

**Countries:** Iran, Pakistan, United States

[Read the full story on The Nation](https://www.nation.com.pk/12-Apr-2026/iranians-rial-demand-surges-pakistan-amid-speculative-buying)

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