Karachi, January 3, 2025 – The currency exchange rates in Pakistan today, January 3, 2025, have been announced for trading in the open market.
These rates, which fluctuate based on supply and demand dynamics, provide valuable insights into the state of foreign exchange activity in the country. Below is a detailed summary of the major currency rates as they stood at the start of the trading day.
The US Dollar (USD), a benchmark currency in Pakistan’s trade and financial activities, opened at a buying rate of PKR 278.20 and a selling rate of PKR 279.70. The steady rise in the dollar exchange rate highlights ongoing market volatility, influenced by both domestic economic conditions and global currency trends.
Among other notable currencies, the UK Pound Sterling (GBP) remained one of the strongest currencies traded today, with buying and selling rates of PKR 348.75 and PKR 352.25, respectively. The Euro (EUR) followed closely, trading at PKR 288.20 for buying and PKR 290.95 for selling, reflecting its robust position in international markets.
The currencies of the Gulf Cooperation Council (GCC) countries, significant for their economic and trade ties with Pakistan, also showed stable trends. The Saudi Riyal (SAR) traded at PKR 73.85 for buying and PKR 74.40 for selling, while the UAE Dirham (AED) traded at PKR 75.45 and PKR 76.10 for buying and selling, respectively. The Kuwaiti Dinar (KWD), traditionally the highest-valued currency in the region, was traded at PKR 894.49 for buying and PKR 903.99 for selling, maintaining its supremacy.
Other currencies, including the Australian Dollar (AUD) at PKR 173.30 buying and PKR 175.55 selling, and the Canadian Dollar (CAD) at PKR 194.60 buying and PKR 197.00 selling, demonstrated moderate stability, reflecting their broader market trends. The Chinese Yuan (CNY), increasingly important due to trade relations with China, stood at PKR 37.99 for buying and PKR 38.39 for selling.
Currencies from neighboring countries also played a role, with the Indian Rupee (INR) buying at PKR 3.19 and selling at PKR 3.28. The Japanese Yen (JPY), trading at PKR 1.86 buying and PKR 1.92 selling, displayed minimal movement.
These rates are subject to change during the trading day and reflect both domestic and international market dynamics. Traders, investors, and businesses must monitor these fluctuations closely to make informed decisions regarding foreign exchange transactions.