Karachi, October 13, 2024 – The latest currency exchange rates in Pakistan for Sunday have been released. Since it’s a weekend, these rates will remain in effect throughout the day due to the closure of the open market.
The US Dollar (USD) currency continues to hold firm, with a buying rate of Rs278.25 and a selling rate of Rs279.75. This reflects the steady demand for foreign currency in the market, with many businesses and individuals relying on the dollar for international trade and remittances.
The British Pound Sterling (GBP) currency is valued significantly higher, with a buying rate of Rs360.35 and a selling rate of Rs363.85. The high exchange rate for the pound is attributed to its global strength against other currencies, making it a valuable asset for those trading or investing in the UK.
The Euro (EUR) also remains a prominent currency in Pakistan’s exchange market, with a buying rate of Rs302.05 and a selling rate of Rs304.80. The Euro’s strength reflects its continued importance in international trade and its use in dealings with European nations.
Among other currencies, the Australian Dollar (AUD) is trading at Rs186.75 for buying and Rs188.86 for selling, while the Canadian Dollar (CAD) stands at Rs202.60 for buying and Rs205.00 for selling. These currencies have seen steady demand due to trade relations and the growing presence of Pakistani communities in these countries.
In the Middle Eastern region, the Saudi Riyal (SAR) remains a crucial currency for Pakistan, especially given the strong economic ties between the two nations and the significant number of Pakistani expatriates working in Saudi Arabia. The buying rate is Rs73.65, and the selling rate is Rs74.20. Similarly, the United Arab Emirates Dirham (AED) is trading at Rs75.40 for buying and Rs76.05 for selling.
Other key currencies include the Kuwaiti Dinar (KWD), one of the highest-valued currencies globally, with a buying rate of Rs898.00 and a selling rate of Rs907.50. The Bahraini Dinar (BHD) is also notably strong, trading at Rs731.71 for buying and Rs739.71 for selling.
As the week progresses, these rates may fluctuate based on global economic conditions, changes in supply and demand, and international trade agreements. However, for today, these are the official rates that will guide the foreign exchange market in Pakistan.