Karachi, September 14, 2024 – The currency exchange rates in Pakistan have shown steady fluctuations at the start of trading this Saturday.
As global markets adjust to macroeconomic trends and local conditions, the following exchange rates are being observed in Pakistan’s open market.
The US Dollar (USD), the most traded currency, opened with a buying rate of PKR 279 and a selling rate of PKR 280.85. As Pakistan continues to balance economic reforms with external debt repayments, the dollar’s value against the rupee remains a key focus for businesses and individuals alike.
The British Pound Sterling (GBP) currency has remained on the higher side, reflecting strong demand in both import and investment sectors. The Pound’s buying rate is PKR 362.95, with a selling rate of PKR 366.45. The Euro (EUR) is also showing significant strength, with a buying rate of PKR 306.7 and a selling rate of PKR 309.45, reflecting its resilience in global markets.
Among regional currencies, the UAE Dirham (AED) and Saudi Riyal (SAR) are widely traded due to their importance for remittances and trade. The Dirham opened with a buying rate of PKR 75.85 and a selling rate of PKR 76.50, while the Saudi Riyal stands at PKR 74.19 for buying and PKR 74.74 for selling.
Other major currencies include the Australian Dollar (AUD) at a buying rate of PKR 186.75 and a selling rate of PKR 189, and the Canadian Dollar (CAD) currency which is trading at PKR 206.60 for buying and PKR 209 for selling. The Chinese Yuan (CNY), an increasingly important currency for trade, especially with the China-Pakistan Economic Corridor (CPEC), has a buying rate of PKR 38.25 and a selling rate of PKR 38.65.
Middle Eastern currencies like the Kuwaiti Dinar (KWD) and the Omani Riyal (OMR) continue to trade at strong rates, with the Kuwaiti Dinar buying at PKR 901.85 and selling at PKR 911.35, and the Omani Riyal buying at PKR 722.40 and selling at PKR 730.90.
Overall, the exchange rate fluctuations reflect both global economic movements and domestic factors such as inflation, demand for foreign currency, and government monetary policies. Traders, investors, and travelers closely watch these rates to inform their financial decisions, as Pakistan continues to navigate its complex economic environment.
