The treasury management division of the National Bank of Pakistan (NBP) has published the latest foreign exchange rates on Friday, providing crucial guidance for businesses and individuals involved in foreign currency transactions. These rates, which reflect the bank’s current valuation for currency exchange, play an important role in the facilitation of cross-border trade and financial dealings across Pakistan.
The NBP’s ready transaction rates include both TT (Telegraphic Transfer) selling and buying prices for a wide range of major currencies. The US Dollar, often the most traded currency in Pakistan, was set at a TT selling rate of 282.45 PKR and a TT buying rate of 281.95 PKR. Similarly, the Euro was priced at 319.52 PKR for selling and 318.96 PKR for buying, while the British Pound was recorded at 379.80 PKR and 379.12 PKR, respectively.
Other notable currencies include the Japanese Yen, which was listed at 1.9688 PKR for selling and 1.9653 PKR for buying, and the Swiss Franc, priced at 341.76 PKR (selling) and 341.15 PKR (buying). The Canadian Dollar and Australian Dollar also featured prominently with selling rates of 204.20 PKR and 181.77 PKR, respectively, while their buying rates stood at 203.84 PKR and 181.45 PKR.
In addition to these, the NBP’s rate list covers currencies such as the Swedish Krona (SEK), Norwegian Krone (NOK), Danish Krone (DKK), New Zealand Dollar (NZD), Singapore Dollar (SGD), Hong Kong Dollar (HKD), Korean Won (KRW), Chinese Yuan (CNY), Malaysian Ringgit (MYR), Thai Baht (THB), UAE Dirham (AED), Saudi Riyal (SAR), Qatar Riyal (QAR), and Kuwaiti Dinar (KWD). These rates cater to a broad spectrum of currency needs, ensuring that businesses with international trade connections and individuals dealing in foreign exchange have access to transparent and up-to-date pricing.
NBP also released specific conversion rates for frozen foreign currency deposits, applicable for settlement on May 29, 2025. These included the US Dollar at 282.027 PKR, British Pound at 378.7341 PKR, Euro at 319.311 PKR, and Japanese Yen at 1.9713 PKR. Such rates provide clarity and stability for depositors holding foreign currency assets within NBP.
It is important to note that the National Bank of Pakistan’s foreign exchange rates apply only to transactions under the equivalent of 5,000 USD on a cumulative basis. For transactions exceeding this amount, other rates or institutional arrangements may apply.
The release of these rates by NBP offers a transparent framework for currency exchange, serving as a benchmark for both individuals and corporate clients navigating the complexities of international finance. In an increasingly globalized economy, access to reliable and timely forex rates is essential for managing risks associated with currency fluctuations and ensuring smooth operational flows in import-export activities.
Moreover, NBP’s consistent publication of foreign exchange rates underscores its role in maintaining financial stability and supporting Pakistan’s broader economic goals. These rates help regulate foreign currency demand and supply while enabling market participants to make informed decisions based on accurate currency valuations.
As Pakistan continues to deepen its engagement with global markets, the NBP’s foreign exchange rates will remain an indispensable tool for fostering economic resilience, enhancing investor confidence, and facilitating international trade and investment.