Karachi, May 2, 2025 – As financial markets open for the final weekday, the latest currency exchange rates in Pakistan reflect a combination of global market influences and localized economic sentiment. Sourced from the open market, these exchange rates are closely monitored by importers, exporters, investors, and overseas Pakistanis sending remittances home.
At the center of attention is the US Dollar (USD), which remains the most actively traded foreign currency in the country. As of Friday morning, the dollar is being bought at Rs. 281.40 and sold at Rs. 282.90. This relative stability is being interpreted by market analysts as a sign of cautious optimism, particularly given ongoing discussions around inflation control and Pakistan’s foreign reserve position. The strength or weakness of the dollar directly affects everything from energy imports to consumer prices, making it a critical marker for economic forecasting.
Meanwhile, the British Pound Sterling (GBP) and the Euro (EUR), two of the most relevant currencies for international trade and travel, also displayed consistent patterns. The GBP is currently being bought at Rs. 376.60 and sold at Rs. 380.10. The Euro follows suit, trading at Rs. 319.05 for buying and Rs. 321.80 for selling. These rates are particularly significant for businesses and individuals involved in cross-border trade with Europe and the UK, especially as economic uncertainties continue across the region.
Middle Eastern currencies, which are vital due to the high volume of remittances coming from Gulf countries, remained relatively steady. The Saudi Riyal (SAR) is trading at Rs. 75.00 (buying) and Rs. 75.55 (selling), while the UAE Dirham (AED) stands at Rs. 76.60 and Rs. 77.25 respectively. With millions of Pakistani expatriates residing and working in Saudi Arabia and the UAE, the exchange rates of these currencies have a direct impact on household income and consumption patterns back home.
In addition to the major global currencies, other notable mentions include the Canadian Dollar (CAD) at Rs. 204.60 for buying and Rs. 207.00 for selling, and the Australian Dollar (AUD), which is being exchanged at Rs. 180.25 (buying) and Rs. 183.50 (selling). These figures are especially relevant for students, immigrants, and investors with interests in North America and Oceania.
The Chinese Yuan (CNY), reflecting ongoing trade dynamics between Pakistan and China, is trading at Rs. 37.59 for buying and Rs. 37.99 for selling. With bilateral trade ties continuing to grow under the China-Pakistan Economic Corridor (CPEC), the Yuan’s exchange rate plays an increasingly important role in determining import-export viability for businesses across various sectors.
These exchange rates, while based on open market data, can vary slightly depending on the city and the financial institution. Therefore, consumers and traders are encouraged to verify the latest rates from authorized money changers or banks before executing any large foreign currency transactions.
Regular updates on currency trends serve as a critical tool for financial planning, particularly for businesses engaged in cross-border activities and individuals managing remittances or overseas education expenses. As the rupee navigates domestic challenges and global pressures, transparency in forex markets remains essential for informed economic decisions.