On May 29, 2025, the State Bank of Pakistan (SBP) released the official foreign exchange rates for major global currencies against the Pakistani Rupee (PKR). These rates, derived from the weighted averages provided by commercial banks, function as a standardized benchmark for international transactions, providing clarity and consistency across Pakistan’s financial system.
More than just conversion figures, these official rates are critical tools for businesses, investors, and individuals engaging in cross-border financial activity. Whether it’s trade settlements, overseas remittances, or foreign investments, the rates serve as reference points that ensure transparency and fair valuation. In an increasingly interconnected global economy, such measures are fundamental for sustaining market confidence and supporting long-term economic stability.
According to the SBP, the buying and selling rates for various foreign currencies on May 29, 2025, are as follows. The UAE Dirham (AED) was quoted at 76.7362 for buying and 76.8468 for selling. The Australian Dollar (AUD) was available at a buying rate of 181.2951 and a selling rate of 181.5699. The Canadian Dollar (CAD) was listed at 203.7010 for buying and 204.0110 for selling. The Swiss Franc (CHF) saw a buying rate of 339.0575 and a selling rate of 339.5889. The Chinese Yuan (CNY) traded at 39.1739 for buying and 39.2246 for selling. For the Euro (EUR), the SBP set the buying rate at 317.3760 and the selling rate at 317.8594. The British Pound (GBP) was listed at 379.0935 for buying and 379.6665 for selling. The Japanese Yen (JPY) stood at 1.9355 for buying and 1.9384 for selling. The Saudi Riyal (SAR) had a buying rate of 75.1392 and a selling rate of 75.2503. Finally, the United States Dollar (USD) was quoted at 281.8411 for buying and 282.2729 for selling.
These foreign exchange rates are fluid, reflecting the constantly shifting dynamics of international markets. The SBP advises individuals and businesses to consult the most recent data directly from its official channels or from their respective financial institutions to obtain the latest rates before executing any international financial transaction. By doing so, stakeholders can ensure accuracy and minimize potential exposure to unfavorable market movements.
The daily publication of these rates is a reflection of the SBP’s commitment to maintaining economic transparency and promoting efficient market practices. For commercial banks, these rates act as a guideline in setting their own buying and selling prices for customers. For the broader economy, they help define the structure of foreign trade, investment flows, and exchange rate management.
As foreign exchange continues to be a vital component of national and global economic health, the SBP’s role in providing timely and accurate exchange rate information remains essential. These updates not only foster confidence in the financial system but also empower decision-makers across sectors to strategize effectively in response to global economic trends.