Karachi, January 19, 2025 – The currency exchange rates in Pakistan for Sunday, January 19, 2025, remained steady, reflecting the closing rates of the previous day. As Sunday is a weekly holiday, no trading activity occurs in the open market.
Foreign currency exchange rates play a crucial role in Pakistan’s economy, impacting trade, remittances, and financial transactions. Among the major currencies, the US Dollar (USD) maintained its position as the most influential, with a buying rate of 279.6 PKR and a selling rate of 281.1 PKR. The Saudi Riyal (SAR), commonly used for remittance flows from expatriates in Saudi Arabia, was traded at 74.2 PKR for buying and 74.75 PKR for selling.
The Euro (EUR), another widely traded currency, saw buying and selling rates of 288 PKR and 290.75 PKR, respectively. Meanwhile, the British Pound Sterling (GBP) continued to hold strong against the Pakistani Rupee, with buying and selling rates of 342 PKR and 345.5 PKR.
Among Middle Eastern currencies, the Kuwaiti Dinar (KWD) and Omani Riyal (OMR) were the strongest. The Kuwaiti Dinar was being traded at 896.3 PKR for buying and 905.8 PKR for selling, while the Omani Riyal stood at 723.4 PKR for buying and 731.9 PKR for selling.
The United Arab Emirates Dirham (AED), a commonly exchanged currency due to Pakistan’s large diaspora in the UAE, was available at 75.85 PKR for buying and 76.5 PKR for selling. Similarly, the Qatari Riyal (QAR) was steady, with buying and selling rates at 75.9 PKR and 76.6 PKR.
In the Asia-Pacific region, the Australian Dollar (AUD) and Canadian Dollar (CAD) held their positions with buying rates of 174.25 PKR and 194.6 PKR, and selling rates of 176 PKR and 197 PKR, respectively. The Chinese Yuan (CNY), a key currency in Pakistan’s trade with China, was exchanged at 37.59 PKR for buying and 37.99 PKR for selling.
The stability in exchange rates is critical for businesses and individuals relying on foreign currencies for imports, exports, and remittances. With foreign exchange reserves under pressure, the government’s management of exchange rate volatility remains essential to maintaining economic stability.