Karachi, May 7, 2025 — The State Bank of Pakistan (SBP) has issued the official foreign currency exchange rates for customers as of May 7, 2025. These rates, determined based on the weighted average of commercial banks’ transactions, serve as a key reference for international financial dealings and are widely used by businesses, traders, and individuals engaged in cross-border transactions.
The SBP’s foreign exchange rates are more than just daily currency conversion figures. They are crucial benchmarks that shape the financial decisions of exporters, importers, remittance recipients, and investors. By publishing these figures regularly, the central bank fosters transparency and consistency in the market, enabling more structured and predictable international transactions. These rates are essential for maintaining confidence among stakeholders in Pakistan’s financial and trade sectors.
According to the SBP’s release, the buying and selling rate for the US dollar stands at PKR 281.2309 and PKR 281.6627, respectively. The euro is listed with a buying rate of PKR 319.4323 and a selling rate of PKR 319.9147. For the British pound, the buying rate is PKR 375.5561 while the selling rate is PKR 376.1364. The Chinese yuan is being bought at PKR 38.9236 and sold at PKR 38.9753. Meanwhile, the Saudi riyal stands at PKR 74.9775 (buying) and PKR 75.0888 (selling), and the UAE dirham is listed at PKR 76.5722 (buying) and PKR 76.6868 (selling). Other major currencies include the Australian dollar at PKR 182.3435 for buying and PKR 182.6336 for selling, the Canadian dollar at PKR 203.9237 and PKR 204.2360, the Swiss franc at PKR 341.0563 and PKR 341.5969, and the Japanese yen at PKR 1.9656 for buying and PKR 1.9686 for selling.
These official rates reflect current market conditions and are subject to change based on daily trading dynamics, international economic developments, and currency supply and demand. As such, individuals and institutions are advised to consult the most up-to-date rates either from the SBP directly or through their respective financial institutions when conducting transactions involving foreign currencies.
By regularly disclosing these exchange rates, the SBP demonstrates its commitment to fostering a transparent and efficient financial system. These benchmarks also allow for a harmonized approach among commercial banks when offering foreign currency services to customers, ensuring fairness and reducing discrepancies in the market.
In a global economy that increasingly relies on digital payments, international trade, and foreign investments, the availability of accurate exchange rate data is vital. The SBP’s role in providing these daily updates ensures that market participants in Pakistan remain well-informed and are better equipped to manage currency risks. This contributes not only to day-to-day financial decision-making but also to the broader goal of maintaining monetary stability and economic resilience.
As currency markets continue to fluctuate in response to both global and domestic events, the SBP’s foreign exchange rate bulletins remain a cornerstone of Pakistan’s financial infrastructure, supporting clarity, accountability, and informed economic participation.