Karachi, February 18, 2025 – The foreign currency exchange market in Pakistan saw minor fluctuations today as exchange rates were updated at 11:30 AM Pakistan Standard Time (PST).
The value of the Pakistani rupee remained relatively stable against major currencies, though slight variations were observed due to ongoing global market trends.
The US dollar, which remains the most closely watched currency in Pakistan, was trading at Rs. 279.75 for buying and Rs. 281.25 for selling. The demand for the dollar continues to influence local market trends, as importers and investors keep a close eye on global economic developments. The greenback’s movement significantly impacts Pakistan’s trade dynamics, making it a focal point for businesses dealing in international markets.
The British pound sterling stood at Rs. 349.75 for buying and Rs. 353.25 for selling. The currency has shown resilience in recent weeks, reflecting the strength of the UK economy. Meanwhile, the euro was available at Rs. 291 for buying and Rs. 293.75 for selling, indicating steady demand amid ongoing trade activities with European partners.
The Australian dollar and Canadian dollar were traded at Rs. 176.75 and Rs. 196.6 for buying, respectively. Their selling rates stood at Rs. 179 and Rs. 199, reflecting the currencies’ stable performance against the rupee. Market experts suggest that movements in these currencies often correspond with changes in commodity prices globally.
Among the Gulf currencies, the Saudi riyal was being traded at Rs. 74.25 for buying and Rs. 74.80 for selling. The UAE dirham remained close behind at Rs. 75.95 for buying and Rs. 76.60 for selling. These currencies remain crucial for Pakistan due to remittances from overseas workers, which provide essential support to the national foreign reserves.
The Chinese yuan, trading at Rs. 37.59 for buying and Rs. 37.99 for selling, continues to gain traction in bilateral trade between Pakistan and China. The increasing use of this currency in cross-border transactions underscores its growing importance.
Currency fluctuations are driven by various factors, including international market sentiment, trade activities, and remittance inflows. For businesses and individuals dealing with foreign currencies, staying informed about these daily changes is critical to making well-informed financial decisions. The foreign exchange market remains dynamic, with currency rates influenced by both domestic and international factors.