On March 18, 2025, the National Bank of Pakistan (NBP) issued its updated foreign exchange rates, reflecting the latest figures for ready transactions. The data, shared by the bank’s treasury management division, includes the buying and selling rates for several global currencies, as well as the conversion rates for frozen foreign currency deposits.
In the updated list, the US Dollar (USD) continues to hold a significant position, with the TT Selling rate set at 280.55 PKR and the TT Buying rate slightly lower at 280.05 PKR. The Euro (EUR) follows closely, with the TT Selling rate recorded at 306.03 PKR and the TT Buying rate at 305.49 PKR.
As for other major currencies, the British Pound (GBP) stands at 364.00 PKR for TT Selling and 363.35 PKR for TT Buying, while the Japanese Yen (JPY) is listed at 1.8741 PKR for TT Selling and 1.8708 PKR for TT Buying. The Swiss Franc (CHF) is set at 318.42 PKR for TT Selling and 317.86 PKR for TT Buying.
In addition to the widely used currencies, the NBP’s exchange rates also cover various regional and less common foreign currencies. For instance, the Australian Dollar (AUD) is at 178.69 PKR for TT Selling and 178.37 PKR for TT Buying. The Canadian Dollar (CAD) follows closely, with a selling rate of 196.13 PKR and a buying rate of 195.78 PKR.
Furthermore, NBP’s rates for other currencies include the Singapore Dollar (SGD) at 210.58 PKR for TT Selling and 210.21 PKR for TT Buying, and the Hong Kong Dollar (HKD) at 36.11 PKR for TT Selling and 36.04 PKR for TT Buying. The Chinese Yuan (CNY) stands at 38.93 PKR for TT Selling and 38.86 PKR for TT Buying.
Among the regional currencies, the U.A.E Dirham (AED) is quoted at 76.92 PKR for TT Selling and 76.78 PKR for TT Buying, while the Saudi Riyal (SAR) is at 74.83 PKR for TT Selling and 74.69 PKR for TT Buying. Similarly, the Qatari Riyal (QAR) stands at 76.99 PKR for TT Selling and 76.85 PKR for TT Buying, and the Kuwaiti Dinar (KWD) is listed at 911.47 PKR for TT Selling and 909.85 PKR for TT Buying.
In addition to the ready transaction rates, NBP also provided the conversion rates for frozen foreign currency deposits, which are valid for settlement on Thursday, March 20, 2025. For example, the conversion rate for USD is set at 280.1377 PKR, the GBP at 362.3861 PKR, and the EUR at 304.7057 PKR. The Japanese Yen (JPY) conversion rate for frozen deposits is 1.882 PKR.
It is important to note that these exchange rates issued by NBP are not valid for transactions exceeding 5,000 USD or its equivalent in other currencies on a cumulative basis. This restriction ensures that the exchange rates remain accurate and reliable for regular-sized transactions.
These foreign exchange rates provide critical insights for businesses, traders, and individuals involved in international transactions, offering an up-to-date snapshot of currency values in Pakistan. As part of the larger efforts by NBP to ensure financial transparency and stability, these rates serve as a benchmark for the local market and reflect the bank’s ongoing commitment to maintaining a dynamic, responsive foreign exchange environment.
The updated exchange rates are crucial for stakeholders engaged in cross-border trade, investment, and remittances, offering them a reliable foundation for currency conversion and planning. The National Bank of Pakistan’s consistent updates to these rates are part of its broader efforts to foster economic growth and stability within the country’s financial ecosystem.