April 23, 2025 – In a continued effort to promote transparency and consistency in Pakistan’s financial system, the State Bank of Pakistan (SBP) has officially released the foreign exchange rates applicable for April 22, 2025. These rates, derived from the weighted average of commercial bank transactions, serve as an essential benchmark for cross-border payments, trade settlements, and other international financial activities.
More than just numerical values, these official exchange rates published by SBP play a pivotal role in economic planning and foreign exchange risk management for businesses, exporters, importers, and financial institutions across Pakistan. The central bank’s consistent dissemination of these rates helps foster confidence in the banking ecosystem and supports structured financial decision-making in a globally interconnected market.
As of the latest update, the SBP has provided the following buying and selling rates in Pakistani Rupees (PKR) for major foreign currencies:
| Currency | Buying (PKR) | Selling (PKR) |
|---|---|---|
| US Dollar (USD) | 280.7515 | 281.1834 |
| Euro (EUR) | 319.6778 | 320.1634 |
| British Pound (GBP) | 373.6422 | 374.2226 |
| Japanese Yen (JPY) | 1.9789 | 1.9819 |
| Swiss Franc (CHF) | 341.3661 | 341.9063 |
| Canadian Dollar (CAD) | 203.0484 | 203.3606 |
| Australian Dollar (AUD) | 179.8707 | 180.1526 |
| Chinese Yuan (CNY) | 38.4823 | 38.5325 |
| UAE Dirham (AED) | 76.4379 | 76.5475 |
| Saudi Riyal (SAR) | 74.8456 | 74.9567 |
These exchange rates are widely utilized by commercial banks to guide their own daily pricing and transaction practices for both retail and corporate clients. Consequently, the SBP rates form the foundation of foreign exchange transaction frameworks across the country, ensuring consistency and predictability for customers engaged in international remittances, imports, exports, and investment inflows or outflows.
The USD to PKR rate, which remains the most critical for Pakistan given the dollar’s role as the global reserve currency, was recorded at Rs280.75 (buying) and Rs281.18 (selling). The Euro and British Pound also remained strong against the PKR, reflecting broader global market trends and inflationary pressures across key economies.
Foreign exchange rates in Pakistan—and globally—are subject to frequent fluctuations, driven by market demand, geopolitical developments, monetary policy shifts, and global trade volumes. Therefore, the SBP strongly advises individuals and institutions to regularly consult official sources or coordinate with their commercial banks to confirm the most accurate and current figures before executing any significant currency exchange transactions.
The SBP’s transparency and timely release of forex data align with its broader mandate of promoting financial stability, ensuring a sound monetary policy framework, and enabling effective oversight of the country’s banking sector. This initiative also supports broader digital transformation goals and policy modernization efforts within Pakistan’s financial ecosystem.
As global financial markets remain volatile and responsive to macroeconomic indicators, regular updates like these from the SBP are vital for maintaining a well-informed and agile economic environment, especially in emerging markets like Pakistan.