The Pakistani rupee appreciated by 23 paisas (0.08%) against the US dollar, rising from 281 to 280.92 in the interbank market.
On Tuesday, the local currency had closed at 281.15 per dollar.
Globally, the US dollar came under pressure in early Wednesday trading after comments from Federal Reserve Chairman Jerome Powell boosted expectations of an interest rate cut later this month.
On Tuesday, the dollar lost value against the yen and the Swiss franc amid ongoing verbal exchanges between Washington and Beijing over tariffs. The euro also gained against the dollar after the French government proposed to postpone key pension reforms.
The US dollar index remained steady at 99.055, after falling 0.2% in the previous session.
The dollar was stable at 151.80 yen, following a 0.3% drop on Tuesday. Against the Swiss franc, it was almost unchanged at 0.8013, after falling 0.3% overnight.
The euro held firm at $1.1606, after a 0.3% rise in the previous session.
