Karachi, November 9, 2024 – Currency exchange rates across Pakistan have remained stable today, reflecting Friday’s closing rates in the open market, as November 9 is a public holiday with no trading activity.
With currency trading halted for the day, the rates from the previous session provide valuable insights into the current market conditions, indicating trends and stability within the Pakistani foreign exchange landscape.
The value of the US dollar (USD) currency stands at PKR 277.3 for buying and PKR 278.8 for selling. Despite slight fluctuations over the past week, the dollar has maintained relative stability against the Pakistani rupee, offering a sense of reassurance to businesses reliant on USD transactions. Similarly, the British pound (GBP) and the Euro (EUR) currency remain strong, priced at PKR 357.45 and PKR 297.25, respectively, on the buying end, reflecting the stable demand for these currencies among importers and travelers.
Middle Eastern currencies, which hold significant relevance due to the remittance inflow from Pakistani workers abroad, also show stable rates. The Saudi Riyal (SAR) currency stands at PKR 73.65 for buying and PKR 74.2 for selling, while the United Arab Emirates Dirham (AED) is available at PKR 75.35 for buying and PKR 76.0 for selling. The Qatari Riyal (QAR) and Omani Riyal (OMR) are priced at PKR 75.62 and PKR 715.66, respectively, with stable demand from remittance transactions.
Other notable currencies include the Kuwaiti Dinar (KWD), which remains high at PKR 895.85 for buying and PKR 905.35 for selling, showing its position as one of the strongest foreign currencies. Meanwhile, the Canadian Dollar (CAD) and Australian Dollar (AUD) are set at PKR 200.05 and PKR 184.35, respectively, highlighting the diversity in currency demand among Pakistani consumers.
Asian currencies have shown a consistent trend, with the Chinese Yuan (CNY) at PKR 38.58 for buying and the Japanese Yen (JPY) at PKR 1.92. The Indian Rupee (INR) remains comparatively low at PKR 3.34 for buying, reflecting ongoing economic dynamics within the region.
This overview of exchange rates provides insights for individuals and businesses involved in foreign transactions, particularly in import/export and travel. As the weekend continues, these rates offer a momentary stability until trading resumes, potentially bringing further fluctuations in the coming days.
