Currency Exchange Rates in Pakistan – January 23, 2025

Currency Exchange Rates in Pakistan – January 23, 2025

Karachi, January 23, 2025 – The currency exchange market in Pakistan opened on Thursday with updated rates that reflect both global market trends and local economic conditions.

These rates, determined at the beginning of trade in the open market, serve as a critical reference for businesses, travelers, and remittance recipients. As fluctuations in foreign exchange rates impact various sectors of the economy, they remain a focal point for analysts and traders alike.

The US Dollar (USD), widely regarded as the most influential currency in Pakistan’s economy, is currently being bought at PKR 279.80 and sold at PKR 281.30. These rates show relative stability, which is essential for import-heavy industries that rely on dollar transactions. Similarly, the Saudi Riyal (SAR), a key currency due to its role in facilitating religious pilgrimages and trade with the Gulf region, is priced at PKR 74.25 for buying and PKR 74.80 for selling.

Regional currencies have also drawn attention. The Indian Rupee (INR) is trading at PKR 3.14 buying and PKR 3.23 selling, which is of particular interest for border trade and people-to-people transactions. Another significant currency in the region is the Chinese Yuan (CNY), trading at PKR 37.59 for buying and PKR 37.99 for selling. This reflects the ongoing strength of China-Pakistan economic ties, particularly under the framework of the China-Pakistan Economic Corridor (CPEC).

In terms of global currencies, the Euro (EUR) is trading at PKR 290.75 for buying and PKR 293.50 for selling, while the British Pound Sterling (GBP) is stronger, priced at PKR 345.00 for buying and PKR 348.50 for selling. These currencies are crucial for international trade, education expenses, and travel to Europe. Meanwhile, the Canadian Dollar (CAD) is trading at PKR 195.35 buying and PKR 197.75 selling, reflecting its importance for Pakistani expatriates in Canada.

Other notable currencies include the Australian Dollar (AUD) at PKR 175.75 buying and PKR 178.00 selling, and the Kuwaiti Dinar (KWD), one of the highest-valued currencies, priced at PKR 895.70 for buying and PKR 905.20 for selling.

These exchange rates are subject to change based on global financial trends, demand-supply dynamics, and geopolitical developments. For accurate and up-to-date information, individuals and businesses are advised to consult authorized currency dealers.