Karachi, April 23, 2025 – Currency traders and financial observers in Pakistan began the midweek session with an updated set of foreign exchange rates, reflecting the latest valuations of major global currencies in the open market. These exchange rates, which play a critical role in the economic activities of travelers, importers, exporters, and remittance recipients, showed a mix of stability and mild volatility across the board.
The US Dollar (USD), continuing its dominant presence in Pakistan’s financial system, opened at a buying rate of Rs. 280.90 and a selling rate of Rs. 282.40. This marginal appreciation is in line with the dollar’s global strength, supported by recent international policy developments and a growing investor shift toward the greenback as a safe-haven asset.
The British Pound Sterling (GBP) also remained firm, trading at Rs. 374.90 (buying) and Rs. 378.40 (selling). The strength of the pound reflects underlying confidence in the UK economy despite ongoing political and fiscal challenges in Europe. Meanwhile, the Euro (EUR) was being traded at Rs. 322.65 for buying and Rs. 325.40 for selling, showing relative stability within the eurozone despite inflationary concerns.
In the Middle Eastern currency basket, commonly used by Pakistani expatriates and businesses involved in regional trade, both the Saudi Riyal (SAR) and the UAE Dirham (AED) remained steady. The Saudi Riyal was available at Rs. 74.90 (buying) and Rs. 75.45 (selling), while the Dirham was quoted at Rs. 76.35 (buying) and Rs. 77.20 (selling). These currencies are especially significant for Pakistan due to the large volume of remittances from Gulf countries.
The Kuwaiti Dinar (KWD) stood out once again as the most valuable foreign currency listed, with a buying rate of Rs. 905.20 and a selling rate of Rs. 914.70, reaffirming its status as a high-value asset for both individual and institutional investors in the region.
Among Asian currencies, the Chinese Yuan (CNY) traded at Rs. 37.59 (buying) and Rs. 37.99 (selling), while the Japanese Yen (JPY) was recorded at Rs. 2.00 for buying and Rs. 2.06 for selling. The Indian Rupee (INR) was seen at Rs. 3.19 (buying) and Rs. 3.28 (selling), indicating minimal fluctuation and relative parity with regional expectations.
From Oceania, the Australian Dollar (AUD) posted buying and selling rates of Rs. 180.75 and Rs. 183.00 respectively. Its regional counterpart, the New Zealand Dollar (NZD), traded at Rs. 164.73 (buying) and Rs. 166.73 (selling). Meanwhile, the Canadian Dollar (CAD) saw rates of Rs. 202.85 for buying and Rs. 205.25 for selling, reflecting minor shifts in response to oil price trends and North American market movements.
These rates are not only important for individuals making foreign purchases or travel plans, but also for businesses involved in import/export, freelancers, and digital service providers dealing in multiple currencies. As foreign exchange values are highly sensitive to global financial events, it is crucial for consumers and investors to monitor these changes closely to make informed financial decisions.
With geopolitical tensions, fluctuating oil prices, and central bank policies continuing to impact the global currency landscape, Pakistan’s exchange market remains dynamic. Stakeholders are advised to stay up-to-date with daily rate updates from reliable sources and consider exchange rate trends in their financial planning.