March 28, 2025 (MLN): The National Bank of Pakistan (NBP), through its Treasury Management Division, issued the latest exchange rates on Friday, providing crucial updates for customers and businesses engaged in international trade and currency exchange. The updated rates cover a wide range of currencies, including major global currencies like the US Dollar, Euro, British Pound, and Japanese Yen, along with various regional and emerging market currencies.
Among the most notable rates, the US Dollar (USD) continues to be the most frequently exchanged currency, with the NBP setting the TT Selling rate at Rs280.60 and the TT Buying rate at Rs280.10. These rates provide a key reference point for anyone converting Pakistani Rupees into US Dollars, which remains essential for international trade, remittances, and foreign investments.
The Euro (EUR) has been pegged at a TT Selling rate of Rs302.84 and a TT Buying rate of Rs302.30. As Pakistan continues to maintain trade and financial relations with European countries, the Euro rate serves as a crucial benchmark for those engaged in transactions involving European currencies.
In addition to these major currencies, the British Pound (GBP) is listed with a TT Selling rate of Rs363.29 and a TT Buying rate of Rs362.65. This rate is important for individuals and businesses dealing with the UK or involved in importing goods and services from Britain. Likewise, the Swiss Franc (CHF) is set at Rs318.00 for TT Selling and Rs317.44 for TT Buying, providing an exchange rate for trade and financial dealings with Switzerland.
The Canadian Dollar (CAD) is quoted at Rs196.06 for TT Selling and Rs195.71 for TT Buying, while the Australian Dollar (AUD) stands at Rs176.29 for TT Selling and Rs175.98 for TT Buying. These currencies are important for Pakistan’s trade relations with Canada and Australia, particularly in sectors like natural resources, agriculture, and technology.
Other significant exchange rates announced include Swedish Krona (SEK), listed at Rs28.20 for TT Selling and Rs28.15 for TT Buying, and Norwegian Krone (NOK) at Rs26.75 for TT Selling and Rs26.70 for TT Buying. Similarly, the Danish Krone (DKK) is listed at Rs40.59 for TT Selling and Rs40.52 for TT Buying, offering a clear indication of the exchange rates between Pakistan and these Nordic countries.
The rates for some Asian currencies include the Chinese Yuan (CNY), which is quoted at Rs38.74 for TT Selling and Rs38.67 for TT Buying, reflecting Pakistan’s growing trade and financial ties with China. The Hong Kong Dollar (HKD) is set at Rs36.08 for TT Selling and Rs36.02 for TT Buying, which is crucial for businesses involved in the Hong Kong market.
Additionally, several regional currencies are included in the update, such as the UAE Dirham (AED) at Rs76.92 for TT Selling and Rs76.78 for TT Buying, and the Saudi Riyal (SAR) at Rs74.81 for TT Selling and Rs74.68 for TT Buying. These rates are especially relevant for trade with Gulf Cooperation Council (GCC) countries, which are key partners for Pakistan in areas like oil, labor migration, and trade.
Furthermore, the NBP has provided conversion rates for frozen foreign currency deposits, with the US Dollar (USD) set at Rs280.1846 for settlement on Friday, 4 April 2025. The conversion rates for the British Pound (GBP) and Euro (EUR) are also provided, alongside other major currencies, ensuring transparency and clarity for customers with frozen foreign currency deposits.
However, it is important to note that certain currencies, such as the Kuwaiti Dinar (KWD), Qatar Riyal (QAR), and Malaysian Ringgit (MYR), are not available for exchange at NBP for retail customers. These currencies are listed separately with the note indicating their non-availability for customer transactions.
In conclusion, the NBP’s foreign exchange rate update provides vital information for individuals and businesses involved in international trade, investment, and remittances. By offering transparency and regular updates, NBP continues to play a crucial role in facilitating Pakistan’s international financial transactions and supporting economic activities across various sectors.