Karachi, January 29, 2025 – The currency exchange rates in Pakistan opened on a steady note today, reflecting the global and local economic trends.
As the country grapples with economic adjustments, the value of the Pakistani rupee continues to fluctuate against major currencies. These rates set the tone for trade and transactions across the market.
The US dollar (USD) currency, a key benchmark for global trade, opened at a buying rate of 279.5 rupees and a selling rate of 281 rupees, maintaining its position as a dominant currency. The UK pound sterling (GBP) currency was recorded at 347.5 rupees buying and 351 rupees selling, reflecting its premium value compared to the euro (EUR), which traded at 291.25 rupees buying and 294 rupees selling.
The Gulf currencies remained strong against the rupee, with the Kuwaiti dinar (KWD) commanding the highest exchange rate at 896.3 rupees buying and 905.8 rupees selling. The Saudi riyal (SAR) and UAE dirham (AED), both frequently used for trade and remittances, were traded at 74.2 rupees and 75.85 rupees for buying, respectively.
Among Asian currencies, the Indian rupee (INR) was exchanged at 3.14 rupees buying and 3.23 rupees selling, reflecting its relatively lower value. The Chinese yuan (CNY), crucial due to the China-Pakistan Economic Corridor (CPEC) ties, stood at 37.59 rupees buying and 37.99 rupees selling.
Other notable currencies include the Australian dollar (AUD) at 175.25 rupees buying and 177.5 rupees selling, and the Canadian dollar (CAD) at 194.1 rupees buying and 196.5 rupees selling. The Swiss franc (CHF) remained among the strongest non-Gulf currencies at 303.71 rupees buying and 306.51 rupees selling.
The performance of the rupee against these currencies highlights the ongoing challenges faced by Pakistan’s economy, including inflationary pressures, external debts, and the need to stabilize foreign reserves. Currency fluctuations are expected to persist in the near term, influenced by geopolitical developments and economic reforms.
These exchange rates are subject to intra-day adjustments depending on market demand, supply, and global economic movements. Businesses, travelers, and remittance senders rely on these rates to plan their financial activities efficiently.
In conclusion, as the rupee’s value remains under scrutiny, stakeholders hope for a stronger recovery driven by effective policies and international trade partnerships.
