Karachi, February 13, 2025 – The foreign exchange market in Pakistan opened today with fluctuating currency rates as traders and investors closely monitored global trends.
The Pakistani Rupee faced slight variations against major foreign currencies, reflecting global economic shifts and local market conditions.
The US Dollar (USD) remains a key focus for traders, with its buying rate at 279.75 PKR and selling rate at 281.25 PKR. The movement of the dollar is particularly crucial for importers and exporters, impacting overall market stability. Similarly, the UK Pound Sterling (GBP) was traded at 347 PKR for buying and 350.5 PKR for selling, demonstrating its continued strength against the Rupee.
Among the regional currencies, the Saudi Riyal (SAR) is being bought at 74.25 PKR and sold at 74.8 PKR, while the U.A.E Dirham (AED) stands at 75.9 PKR for buying and 76.55 PKR for selling. These Middle Eastern currencies are significant due to their impact on remittances, as a large number of Pakistani expatriates work in Saudi Arabia and the UAE, sending money back home.
The Euro (EUR), which is closely watched due to its influence on international trade, recorded a buying rate of 288.75 PKR and a selling rate of 291.5 PKR. Meanwhile, the Canadian Dollar (CAD), an important currency for students and immigrants heading to Canada, stood at 195.6 PKR for buying and 198 PKR for selling.
Asian currencies also showed stability, with the Chinese Yuan (CNY) trading at 37.59 PKR for buying and 37.99 PKR for selling. The Japanese Yen (JPY), another significant currency in the region, is currently at 1.82 PKR for buying and 1.88 PKR for selling.
Market analysts predict that currency fluctuations will continue in response to global economic indicators, inflation rates, and policy changes by central banks worldwide. The Pakistani Rupee’s performance is also being influenced by ongoing discussions with international financial institutions, which may impact its valuation in the coming weeks.
As investors and businesses navigate the evolving currency landscape, keeping a close watch on foreign exchange trends will be essential for financial planning. The currency market remains volatile, and timely updates on exchange rates help businesses and individuals make informed decisions regarding international transactions and trade.
Disclaimer: Exchange rates are subject to change and may vary based on market demand and supply.