The National Bank of Pakistan (NBP), through its Treasury Management Division, released its updated foreign exchange rates on Thursday, providing key reference figures for various global currencies against the Pakistani Rupee (PKR). These rates serve as a critical pricing framework for customers involved in cross-border transactions, import-export dealings, and other financial operations involving foreign currencies.
The rates issued by NBP include both Telegraphic Transfer (TT) buying and selling values under the “Ready Transaction Rates” category. These values are widely used by corporate clients and individuals conducting international money transfers or converting foreign currency deposits. By establishing clear daily benchmarks, NBP enables its customers to engage in transparent and predictable financial dealings.
According to the latest rates published by the bank, the US Dollar is being sold at PKR 282.35 and bought at PKR 281.85. The Euro stands at PKR 320.03 for selling and PKR 319.46 for buying. The British Pound is listed at PKR 379.13 for selling and PKR 378.46 for buying, while the Japanese Yen is priced at PKR 1.9711 for selling and PKR 1.9676 for buying. Other major currencies, including the Swiss Franc, Canadian Dollar, and Australian Dollar, were also listed with TT selling and buying values, providing a comprehensive exchange guide.
NBP also disclosed rates for a wide range of other international currencies such as the Swedish Krona, Norwegian Krone, Danish Krone, New Zealand Dollar, Singapore Dollar, Hong Kong Dollar, Korean Won, Chinese Yuan, Malaysian Ringgit, Thai Baht, UAE Dirham, Saudi Riyal, Qatari Riyal, and Kuwaiti Dinar. This diverse set of currency values reflects the bank’s broad exposure to global financial systems and its role in enabling international economic activity.
Additionally, NBP released its conversion rates for frozen foreign currency (FCY) deposits, with a settlement date of Tuesday, May 27, 2025. These conversion rates are set at PKR 281.9347 for the US Dollar, PKR 377.9617 for the British Pound, PKR 319.3193 for the Euro, and PKR 1.9586 for the Japanese Yen. These values help customers manage long-term deposits with foreign currency holdings and assist in accurately calculating returns and conversions.
It is important to note that the rates provided by NBP are not applicable for cumulative transactions exceeding 5,000 USD or its equivalent in other currencies. This restriction ensures compliance with internal risk protocols and broader regulatory frameworks related to large-scale foreign exchange transactions.
NBP’s consistent publication of foreign exchange rates enhances market clarity and empowers customers to make informed decisions regarding their financial engagements. As one of Pakistan’s leading public sector banks, NBP continues to play a vital role in the financial system by facilitating foreign trade, remittance flows, and international investment. The timely release of forex rates not only strengthens customer confidence but also contributes to a more robust and transparent banking environment.
In a global economy marked by rapid shifts and volatility in currency values, the availability of accurate, up-to-date exchange rates is essential for financial planning and risk mitigation. Through its daily rate disclosures, the National Bank of Pakistan reinforces its position as a reliable partner in navigating the complexities of international finance.