April 17, 2025 (MLN): The Treasury Management Division of the National Bank of Pakistan (NBP) released its latest foreign exchange rates on Thursday, providing a detailed snapshot of the buying and selling values for various international currencies against the Pakistani Rupee. These rates reflect the market activity for ready transactions and are essential benchmarks for importers, exporters, investors, and financial institutions operating within Pakistan’s interconnected economy.
The latest rates reveal the US Dollar (USD) being quoted at Rs280.85 for telegraphic transfer (TT) selling and Rs280.35 for TT buying. The Euro (EUR) stood at Rs319.25 for selling and Rs318.68 for buying, while the British Pound (GBP) was posted at Rs371.34 for selling and Rs370.68 for buying. These major global currencies remain at the forefront of Pakistan’s foreign exchange dealings, especially in the realms of trade and remittance inflows.
Among the other notable currencies, the Japanese Yen (JPY) was listed at Rs1.9703 (selling) and Rs1.9667 (buying), while the Swiss Franc (CHF) posted rates of Rs343.93 and Rs343.32, respectively. The Canadian Dollar (CAD) stood at Rs202.30 (selling) and Rs201.94 (buying), and the Australian Dollar (AUD) was quoted at Rs178.46 and Rs178.15.
From the Asian and Gulf regions, key regional currencies were also reported. The Chinese Yuan (CNY) was noted at Rs38.58 (selling) and Rs38.52 (buying), reflecting China’s ongoing economic influence on regional trade. The Saudi Riyal (SAR) was at Rs74.85 (selling) and Rs74.71 (buying), while the U.A.E. Dirham (AED) was listed at Rs76.99 and Rs76.85, respectively — both crucial for remittances sent from the Gulf by Pakistani expatriates.
Additional currencies listed in the exchange report included the Singapore Dollar (SGD) at Rs213.84 (selling) and Rs213.46 (buying), and the South Korean Won (KRW) at Rs0.1980 and Rs0.1976. The Hong Kong Dollar (HKD), a popular currency in trade finance, stood at Rs36.19 (selling) and Rs36.12 (buying). Similarly, the Malaysian Ringgit (MYR) was at Rs63.69 and Rs63.58, and the Thai Baht (THB) came in at Rs8.45 and Rs8.44.
The Kuwaiti Dinar (KWD), which remains the highest-valued foreign currency against the PKR, was listed at Rs916.10 for selling and Rs914.47 for buying — a figure that reflects its strong demand and limited supply.
The bank also announced the conversion rates for frozen foreign currency deposits, effective Monday, April 21, 2025. These rates include USD at Rs280.4243, GBP at Rs372.2352, EUR at Rs318.9546, and JPY at Rs1.9713. These are generally applicable for legacy FCY accounts and settlement-related transactions.
It is important to note that NBP’s quoted rates are not applicable for transactions exceeding USD 5,000 or its equivalent in other currencies on a cumulative basis. Larger transactions typically require negotiation or alignment with interbank market rates and may vary depending on market liquidity and volatility.
In a financial ecosystem increasingly shaped by digital transactions and global market dynamics, daily exchange rate announcements from major institutions like NBP remain a cornerstone for businesses, fintech players, and currency traders. They not only reflect ongoing economic conditions but also play a vital role in enabling transparent and informed currency-related decision-making across Pakistan’s financial landscape.