The Treasury Management Division of the National Bank of Pakistan (NBP) released its official foreign exchange rates for Thursday, April 24, 2025, outlining updated buying and selling rates for major global currencies in both ready transactions and frozen foreign currency (FCY) deposits.
As per the latest notification, the US Dollar (USD) continues to lead as the benchmark foreign currency in Pakistan’s FX market. The bank has set the Telegraphic Transfer (TT) selling rate for the USD at PKR 281.35, while the TT buying rate stands at PKR 280.85. These rates are closely monitored by importers, exporters, and remittance senders across the country, as they serve as reference points for interbank and institutional transactions.
The Euro (EUR) was quoted at PKR 319.15 for TT selling and PKR 318.59 for TT buying, reflecting the euro’s continued strength against the rupee, amid fluctuating economic signals from the European Union. Meanwhile, the British Pound (GBP) remained among the highest-valued currencies, with TT selling at PKR 373.48 and TT buying at PKR 372.81.
In the Asian currency spectrum, the Japanese Yen (JPY) was listed at PKR 1.9705 for TT selling and PKR 1.9670 for TT buying, reflecting its historically low conversion value due to the yen’s smaller denomination structure. Similarly, the Chinese Yuan (CNY) was pegged at PKR 38.70 (selling) and PKR 38.63 (buying), underlining growing economic and trade ties between China and Pakistan.
From the Gulf region, the Saudi Riyal (SAR) was traded at PKR 75.01 (selling) and PKR 74.88 (buying), while the UAE Dirham (AED) maintained a selling rate of PKR 77.13 and a buying rate of PKR 76.99. The Kuwaiti Dinar (KWD) remained the highest-valued foreign currency, with a selling rate of PKR 917.97 and a buying rate of PKR 916.34, making it a key component in corporate and oil trade remittances.
Among other currencies, the Canadian Dollar (CAD) was listed at PKR 202.89 (selling) and PKR 202.53 (buying), while the Australian Dollar (AUD) came in at PKR 178.95 (selling) and PKR 178.63 (buying). The Singapore Dollar (SGD) stood at PKR 213.98 and PKR 213.60 for selling and buying respectively, reinforcing its position as a strong currency in the Asia-Pacific region.
For digital banking users and corporates with foreign currency accounts, NBP also provided the conversion rate for frozen FCY deposits, which is crucial for legacy account holders. For the settlement date of Monday, April 28, 2025, the USD conversion rate is set at PKR 280.936.
These rates are instrumental for businesses involved in import-export, global remittances, and foreign investment activities. They also provide a clear snapshot of currency movement, helping economists, analysts, and fintech platforms assess macroeconomic trends, inflation expectations, and interest rate parity.
NBP, being a state-owned institution, plays a pivotal role in the financial system by regularly disseminating these foreign exchange benchmarks. These rates serve as a reference across Pakistan’s banking ecosystem, influencing both retail and institutional currency transactions.
With global currency markets in flux due to shifting interest rate environments and geopolitical developments, these timely updates from NBP offer essential transparency and guidance to market participants, helping them navigate currency risks and plan international financial operations more efficiently.