Karachi, January 18, 2025 – The currency exchange market in Pakistan opened on Saturday with stable trading trends as multiple foreign currencies showed minor fluctuations.
These rates play a crucial role in guiding importers, exporters, and travelers across the nation.
The US Dollar (USD) maintained its dominant position, opening at a buying rate of 279.60 PKR and a selling rate of 281.10 PKR. Despite ongoing challenges in the global economy, the dollar’s consistent demand in Pakistan reflects its status as the preferred currency for international transactions.
The Euro (EUR), another major currency, saw activity at 288 PKR for buying and 290.75 PKR for selling. Its stable performance indicates confidence from businesses reliant on trade with European countries. Meanwhile, the UK Pound Sterling (GBP) exhibited its premium value, trading at 342 PKR for buying and 345.50 PKR for selling.
Among Gulf currencies, the Saudi Riyal (SAR) and U.A.E Dirham (AED) showed strong stability. The Riyal was priced at 74.20 PKR for buying and 74.75 PKR for selling, while the Dirham stood at 75.85 PKR and 76.50 PKR, respectively. Both currencies remain popular due to their connection with remittances from expatriates working in the Middle East.
The Australian Dollar (AUD) opened at 174.25 PKR for buying and 176 PKR for selling, reflecting its resilience in the Asia-Pacific region. Similarly, the Canadian Dollar (CAD) was priced at 194.60 PKR and 197 PKR, showing steady interest from traders.
Currencies like the Japanese Yen (JPY) and Chinese Yuan (CNY) also saw minor movements. The Yen, trading at 1.78 PKR for buying and 1.84 PKR for selling, continues to serve niche industrial requirements. The Yuan stood at 37.59 PKR and 37.99 PKR, maintaining its relevance due to Pakistan-China trade partnerships.
In the high-value Gulf segment, the Kuwaiti Dinar (KWD) was the leader, trading at 896.30 PKR for buying and 905.80 PKR for selling. Similarly, the Omani Riyal (OMR) remained robust, priced at 723.40 PKR and 731.90 PKR.
Market analysts suggest that Pakistan’s economic conditions and foreign exchange reserves will influence currency trends in the coming weeks. Travelers and traders are advised to monitor daily updates for any significant shifts.