Karachi, February 1, 2025 – The latest currency exchange rates in Pakistan, as of Saturday, February 1, 2025, indicate minor fluctuations in various foreign currencies against the Pakistani Rupee (PKR).
The exchange rates reflect the opening trade figures in the open market, with the US dollar, euro, and British pound continuing to be key influencers in Pakistan’s financial landscape.
The US dollar (USD) stands at 279.5 PKR for buying and 281 PKR for selling, maintaining stability as Pakistan’s economic policies strive to ensure market confidence. The euro (EUR), a significant currency in international trade, is currently exchanged at 289.75 PKR for buying and 292.5 PKR for selling, reflecting a slight increase from previous weeks. Meanwhile, the British pound (GBP) remains one of the highest-valued foreign currencies, trading at 346.5 PKR for buying and 350 PKR for selling.
Among regional currencies, the Saudi riyal (SAR) and the UAE dirham (AED) continue to hold strong positions due to Pakistan’s reliance on remittances from the Middle East. The Saudi riyal is available at 74.2 PKR for buying and 74.75 PKR for selling, whereas the UAE dirham trades at 75.85 PKR for buying and 76.5 PKR for selling. These currencies remain crucial for Pakistani expatriates and traders dealing with Gulf nations.
The Chinese yuan (CNY), reflecting growing economic ties between Pakistan and China, is being exchanged at 37.59 PKR for buying and 37.99 PKR for selling. Similarly, the Canadian dollar (CAD), an important currency for Pakistani students and professionals migrating to Canada, stands at 193.6 PKR for buying and 196 PKR for selling.
Fluctuations in currency exchange rates have a direct impact on inflation, import costs, and the country’s overall economic stability. With ongoing geopolitical shifts and Pakistan’s engagement with international financial institutions, market watchers remain keen on how these rates evolve in the coming weeks. As a highly import-dependent economy, Pakistan’s currency value plays a pivotal role in determining the prices of essential goods and services.
Financial experts suggest that the Pakistani Rupee’s performance in February will be influenced by trade balances, remittance inflows, and any potential monetary policy adjustments by the State Bank of Pakistan. Observers and investors are advised to monitor foreign currency trends closely, especially the movements of the dollar, euro, and riyal, which significantly affect Pakistan’s economic stability.