Karachi, January 12, 2025 – The currency exchange rates in Pakistan for Sunday, January 12, 2025, have been announced, reflecting the closing figures from the previous trading day as Sunday is observed as a public holiday in the country.
The US Dollar (USD), a significant benchmark in the foreign exchange market, stands at a buying rate of PKR 278.75 and a selling rate of PKR 280.25. Its value influences many economic activities, including trade and international remittances. The US Dollar remains the most traded foreign currency in Pakistan, underlining its critical role in the country’s financial ecosystem.
Among Gulf currencies, the Saudi Riyal (SAR) and the U.A.E Dirham (AED) are of particular importance due to the large number of Pakistani expatriates in these regions. The SAR is currently trading at PKR 74.00 for buying and PKR 74.55 for selling, while the AED is available at PKR 75.65 for buying and PKR 76.30 for selling. These currencies continue to hold steady positions in Pakistan’s exchange market.
European currencies are also prominent, with the Euro (EUR) being bought at PKR 288.75 and sold at PKR 291.50. Meanwhile, the UK Pound Sterling (GBP), another major currency for trade and investment, is priced at PKR 344.50 for buying and PKR 348.00 for selling. These rates reflect Pakistan’s ongoing economic ties with European markets.
The Kuwaiti Dinar (KWD) remains the most valuable currency among those listed, with a buying rate of PKR 896.65 and a selling rate of PKR 906.15. Its strength is largely attributed to Kuwait’s oil-based economy and robust financial system, making it a key currency for high-value transactions.
In the Asian region, the Chinese Yuan (CNY) and the Malaysian Ringgit (MYR) signify growing trade relations. The Yuan is trading at PKR 37.97 for buying and PKR 38.37 for selling, while the Ringgit stands at PKR 61.28 and PKR 61.88 for buying and selling respectively. These figures highlight the increasing influence of Asian currencies in Pakistan’s economic framework.
Currency exchange rates play a pivotal role for businesses, travelers, and overseas Pakistanis sending remittances. As these rates fluctuate, they impact trade, investment, and the overall purchasing power of the Pakistani Rupee in the global market. It is essential for stakeholders to monitor these changes closely to make informed decisions.