Karachi, January 16, 2026 – The State Bank of Pakistan (SBP) has released the official interbank foreign exchange rates for Friday, providing updated currency values to facilitate banks, businesses, and consumers involved in foreign exchange transactions.
According to SBP, the interbank rates reflect indicative buying and selling prices quoted by commercial banks for customer transactions. These rates are compiled daily from exchange rate sheets submitted by banks and are shared strictly for informational purposes.
On January 16, 2026, the Pakistani rupee traded around Rs280 against the US dollar in the interbank market. Other major global and regional currencies, including the euro, British pound, and UAE dirham, also showed stable movements, indicating a relatively calm session in the interbank forex market.
The central bank clarified that the published rates are estimates and may vary slightly from the actual rates offered by individual banks, depending on market conditions, transaction size, and customer profiles.
Below are the latest SBP interbank foreign exchange rates for January 16, 2026:
| Currency | Buying | Selling |
| UAE Dirham (AED) | 76.1859 | 76.2959 |
| Australian Dollar (AUD) | 187.4280 | 187.7137 |
| Canadian Dollar (CAD) | 201.3327 | 201.6387 |
| Swiss Franc (CHF) | 348.5733 | 349.1140 |
| Chinese Yuan (CNY) | 40.1732 | 40.2246 |
| Euro (EUR) | 324.7551 | 325.2549 |
| British Pound (GBP) | 374.4307 | 375.0109 |
| Japanese Yen (JPY) | 1.7666 | 1.7692 |
| Saudi Riyal (SAR) | 74.5769 | 74.6862 |
| US Dollar (USD) | 279.6862 | 280.1113 |
SBP reiterated that these interbank exchange rates serve as a reference for the market and should not be considered binding quotes. Actual transaction rates may differ based on supply, demand, and prevailing market dynamics.