Karachi, March 31, 2025 – The latest currency exchange rates in Pakistan for March 31, 2025, have been released, showcasing the updated values of the Pakistani Rupee (PKR) against several major international currencies. These rates reflect the closing values from the open market before the financial markets close for the Eid holidays. As such, investors, traders, and businesses involved in foreign currency transactions must be aware of these rates to plan their activities until the markets reopen on April 2, 2025.
The US Dollar (USD), being a crucial benchmark currency for international trade, has a buying rate of Rs 279.71 and a selling rate of Rs 281.91 in the open market. These rates reflect the ongoing fluctuations in the global financial environment, as well as local demand and supply dynamics. The exchange rates for the US Dollar are influenced by a variety of economic factors, including Pakistan’s trade balance, foreign reserves, and broader geopolitical developments. The buying rate indicates the value at which an exchange company or bank purchases USD from customers, while the selling rate represents the cost at which they sell USD to customers.
Similarly, the British Pound Sterling (GBP) continues to play a significant role in Pakistan’s foreign exchange market. On March 31, 2025, the buying rate for one Pound was Rs 360.97, while the selling rate stood at Rs 364.44. The exchange rate for the Pound is determined by open market forces and fluctuates with global financial trends, trade relations, and demand for the currency. As the UK remains a key trading partner for Pakistan, these rates are important for businesses engaged in UK-Pakistan trade.
The Euro (EUR) also saw some shifts in its exchange rate. As of March 31, 2025, the buying rate for one Euro in the open market was Rs 301.88, with the selling rate at Rs 304.91. Given the significance of the Eurozone in global trade and financial markets, the Euro’s exchange rate impacts both import and export businesses. The Euro/PKR parity, like other currency pairs, is largely driven by demand in the foreign exchange market, making it vital for individuals and businesses involved in transactions with European countries to stay informed about the latest rates.
The Saudi Riyal (SAR) remains another essential currency for Pakistan, especially due to the high volume of remittances from Pakistanis working in the Gulf region. On March 31, 2025, the buying rate for one Saudi Riyal was Rs 74.27, with the selling rate at Rs 74.85. The demand for the Riyal, driven by remittance flows and economic relations between Pakistan and Saudi Arabia, plays a critical role in determining these rates.
The UAE Dirham (AED) is another frequently traded currency in Pakistan, particularly for businesses and individuals involved in transactions with the UAE. As of March 31, 2025, the buying rate for one Dirham was Rs 76.01, while the selling rate was Rs 76.56. Given the strong trade and investment ties between Pakistan and the UAE, these exchange rates have significant implications for cross-border business activities and remittance transfers.
Meanwhile, the Canadian Dollar (CAD), although less prevalent in daily transactions, still plays a role in trade and investment between Pakistan and Canada. The buying rate for one Canadian Dollar on March 31, 2025, stood at Rs 195.85, with the selling rate at Rs 198.25. The exchange rates for the Canadian Dollar are influenced by trade agreements, investment flows, and market conditions between the two countries.
The Chinese Yuan (CNY), reflecting the growing economic ties between Pakistan and China, has also shown significant activity in the market. As of March 31, 2025, the buying rate for the Yuan was Rs 37.59, while the selling rate was Rs 37.99. The Yuan’s exchange rate is crucial as China remains a major trading partner for Pakistan, and these rates impact businesses engaged in trade with China.
Overall, the currency exchange rates in Pakistan for March 31, 2025, reflect ongoing fluctuations in the open market, influenced by both domestic and international economic factors. As the market remains closed for the Eid holidays, these rates will hold until financial markets reopen on April 2, 2025. Traders, businesses, and individuals should continue to monitor the exchange rates to make informed decisions regarding foreign currency transactions, especially considering the potential for changes once trading resumes.