On March 24, 2025, the exchange rate for one UK Pound Sterling (GBP) in terms of Pakistani Rupees (PKR) remained a focal point for traders, businesses, and individuals involved in financial transactions between Pakistan and the United Kingdom.
According to the latest data, the buying rate of the UK Pound in the open market stood at Rs 361.05, while the selling rate was recorded at Rs 365.21. These rates are crucial for those engaged in international trade, travel, and remittances involving the British economy.
A comparison with the previous day’s rates shows that on March 23, 2025, the UK Pound was being bought at Rs 361.73 and sold at Rs 365.28. The exchange rate fluctuations of the Pound against the Pakistani Rupee are influenced by global economic conditions, trade balances, and the supply and demand dynamics in the foreign exchange market.
The exchange rates for foreign currencies, including the UK Pound, are officially updated at 8:05 AM Pakistan Standard Time (PST). However, due to evolving market conditions, the Pound’s value may change throughout the day. The demand for the UK Pound in Pakistan is primarily driven by importers, travelers, and overseas Pakistani workers remitting funds from the United Kingdom.
In foreign exchange dealings, the buying rate represents the price at which banks or exchange companies purchase Pounds from customers, while the selling rate indicates the price at which they provide Pounds to buyers. Understanding these rates is vital for individuals and businesses looking to optimize their currency exchanges.
The UK Pound/PKR exchange rate on March 24, 2025, underscores the ongoing financial interactions between Pakistan and the UK. A significant number of Pakistani expatriates reside in the UK, sending remittances back home, thereby maintaining a steady demand for the Pound. Additionally, businesses engaged in trade with the UK play a key role in determining exchange rate movements.
Given the volatility of the currency market, individuals and businesses exchanging Pounds to Rupees or vice versa should monitor the latest updates. On March 24, 2025, the Pound’s exchange rate remains subject to economic trends and market forces.