Karachi, January 28, 2025 – Currency exchange rates in Pakistan on Tuesday, January 28, 2025, began reflecting steady fluctuations in the open market.
The rates for major currencies provided a clear picture of trends influencing Pakistan’s economy, with significant movements observed in both regional and global currencies.
The US Dollar (USD), a pivotal currency for international trade and remittances, stood at 277.9 PKR for buying and 281.3 PKR for selling. These rates signal stability compared to recent volatility. Similarly, the Saudi Riyal (SAR), often in demand due to religious tourism and expatriate remittances, was noted at 74.25 PKR for buying and 74.8 PKR for selling.
The Euro (EUR) continued to hold its position as a key currency in the global market, with rates in Pakistan set at 291.75 PKR for buying and 294.5 PKR for selling. On the other hand, the British Pound Sterling (GBP), known for its strength, was trading at 347.5 PKR for buying and 351 PKR for selling, making it one of the costliest currencies in the open market.
Among regional currencies, the Chinese Yuan (CNY), an increasingly significant player in bilateral trade, stood at 37.59 PKR for buying and 37.99 PKR for selling. The United Arab Emirates Dirham (AED), commonly used for business and travel, was priced at 75.9 PKR for buying and 76.55 PKR for selling.
In the Gulf region, the Kuwaiti Dinar (KWD) remained the highest-valued currency, with rates at 895.7 PKR for buying and 905.2 PKR for selling. Similarly, the Omani Riyal (OMR), another dominant Gulf currency, traded at 722.4 PKR for buying and 730.9 PKR for selling.
Global economic conditions, geopolitical factors, and fluctuations in oil prices are influencing these rates. Businesses and individuals engaging in foreign trade and travel are advised to stay informed about daily currency updates. The interplay of demand, supply, and macroeconomic conditions continues to shape Pakistan’s exchange market.
Currency rates are pivotal for determining the costs of imports, exports, and foreign remittances, which are critical components of Pakistan’s economy. These rates not only reflect global financial dynamics but also act as an indicator of the country’s economic health and its relationship with international markets.