On April 28, 2025, the National Bank of Pakistan (NBP) released its latest foreign exchange rates for ready transactions, setting the benchmarks for currency exchanges across the country. These rates, issued by the bank’s treasury management division, offer valuable reference points for both businesses and individuals engaged in international financial transactions.
The ready transaction rates for a range of key currencies were provided, showcasing the buying and selling rates for various foreign currencies in Pakistani rupees (PKR). These exchange rates are crucial for individuals and corporations involved in cross-border transactions, as they directly impact import and export activities, remittances, and international investments.
The NBP’s foreign exchange rates for several major global currencies on Monday, April 28, 2025, are as follows:
- US Dollar (USD): The selling rate stands at Rs281.35, while the buying rate is Rs280.85.
- Euro (EUR): The selling rate is Rs319.60, with the buying rate at Rs319.03.
- Japanese Yen (JPY): The selling rate is Rs1.9594, and the buying rate is Rs1.9559.
- British Pound (GBP): The selling rate is Rs374.13, while the buying rate is Rs373.46.
- Swiss Franc (CHF): The selling rate is Rs339.76, and the buying rate is Rs339.16.
- Canadian Dollar (CAD): The selling rate stands at Rs202.81, with the buying rate at Rs202.45.
- Australian Dollar (AUD): The selling rate is Rs179.73, and the buying rate is Rs179.42.
- Swedish Krona (SEK): The selling rate is Rs29.21, with the buying rate at Rs29.16.
- Norwegian Krone (NOK): The selling rate is Rs26.93, and the buying rate is Rs26.88.
- Danish Krone (DKK): The selling rate is Rs42.82, while the buying rate is Rs42.74.
- New Zealand Dollar (NZD): The selling rate is Rs167.61, and the buying rate is Rs167.31.
- Singapore Dollar (SGD): The selling rate is Rs213.99, with the buying rate at Rs213.61.
- Hong Kong Dollar (HKD): The selling rate is Rs36.27, and the buying rate is Rs36.20.
- Korean Won (KRW): The selling rate is Rs0.1953, and the buying rate is Rs0.1950.
- Chinese Yuan (CNY): The selling rate stands at Rs38.73, while the buying rate is Rs38.66.
- Malaysian Ringgit (MYR): The selling rate is Rs64.37, and the buying rate is Rs64.26.
- Thai Baht (THB): The selling rate is Rs8.36, with the buying rate at Rs8.34.
- U.A.E Dirham (AED): The selling rate is Rs77.13, and the buying rate is Rs76.99.
- Saudi Riyal (SAR): The selling rate is Rs75.02, and the buying rate is Rs74.89.
- Qatar Riyal (QAR): The selling rate is Rs77.73, with the buying rate at Rs77.59.
- Kuwaiti Dinar (KWD): The selling rate stands at Rs918.33, while the buying rate is Rs916.70.
The NBP also announced the conversion rates for frozen foreign currency deposits, which are effective as of Wednesday, April 30, 2025. For USD, the settlement rate is Rs280.94, while the GBP and EUR conversion rates are Rs373.73 and Rs373.37, respectively.
It is important to note that NBP’s exchange rates are not applicable for transactions exceeding USD 5,000 or the equivalent in other foreign currencies on a cumulative basis. The rates set by the bank are designed to serve as a guide for day-to-day currency exchanges, but for larger transactions, customers may need to refer to other specific financial arrangements.
The foreign exchange rates provided by NBP offer an essential benchmark for individuals and businesses involved in importing and exporting goods, receiving remittances, or conducting international investments. The exchange rate fluctuations can have a significant impact on the cost of cross-border transactions, making it crucial for companies to keep track of these rates regularly.
These exchange rates are also a reflection of the ongoing market dynamics, where global economic conditions, geopolitical tensions, and local economic policies continue to influence currency values. As a result, businesses are encouraged to stay updated on these rates to ensure that they make informed decisions when engaging in international financial activities.
NBP’s consistent publication of exchange rates enhances transparency in the financial system, providing a reliable and standardized framework for currency exchanges. It further bolsters confidence in Pakistan’s financial sector, offering a structured approach to global trade and commerce.