Karachi, January 27, 2025 – The start of trading on Monday, January 27, 2025, in Pakistan’s open market revealed the latest currency exchange rates for various foreign currencies.
These rates are crucial for businesses, traders, and individuals, as they reflect the dynamic trends in the global and local currency markets.
The US Dollar (USD) remains the cornerstone of international trade and finance. In Pakistan, the USD opened with a buying rate of 279.80 PKR and a selling rate of 281.30 PKR, continuing its influence on the country’s economic transactions. The volatility in the Dollar’s value is closely tied to Pakistan’s foreign reserves and trade activities.
The UK Pound Sterling (GBP) also showed significant strength, with a buying rate of 346.00 PKR and a selling rate of 349.50 PKR. Its higher value compared to other currencies underscores its historical stability and importance in the global economy.
The Euro (EUR), a key currency for trade with Europe, was noted at 291.50 PKR for buying and 294.25 PKR for selling. The Euro’s fluctuations often reflect broader trends within the European Union’s economy, impacting Pakistani importers and exporters alike.
Among Middle Eastern currencies, the Kuwaiti Dinar (KWD) remains the highest-valued currency in the region. It traded at 896.30 PKR for buying and 905.80 PKR for selling, reflecting its robust value linked to Kuwait’s oil-driven economy. Similarly, the Saudi Riyal (SAR) and UAE Dirham (AED) held steady at 74.25 PKR and 75.90 PKR for buying, respectively, showcasing their continued relevance for remittances and trade within the Gulf Cooperation Council (GCC).
The Australian Dollar (AUD) and Canadian Dollar (CAD), both representing stable economies, traded at 177.25 PKR and 194.60 PKR for buying, respectively. These currencies are significant for the Pakistani diaspora and trade relations with their respective nations.
Fluctuations in currency exchange rates are influenced by global economic conditions, regional geopolitics, and local factors such as inflation and monetary policies. As Pakistan navigates economic challenges, including maintaining foreign reserves and addressing fiscal deficits, the performance of the PKR against international currencies remains a vital indicator of economic health.
For individuals and businesses, staying informed about these rates is essential to managing international transactions effectively.