Karachi, February 7, 2025 – The foreign exchange currency market in Pakistan witnessed slight fluctuations as trading commenced on Friday, February 7, 2025.
The latest currency exchange rates indicate varying trends across different currencies, reflecting shifts in global economic dynamics, trade volumes, and investor sentiments.
The Pakistani Rupee faced moderate pressure against the US Dollar, with the greenback trading at a buying rate of 279.6 PKR and a selling rate of 281.1 PKR. Market analysts attribute this movement to recent economic developments, including shifts in trade policies and foreign exchange reserves. The local currency also showed fluctuations against other major international currencies.
The British Pound Sterling (GBP) remained one of the highest-valued foreign currencies in the market, with an exchange rate of 349 PKR for buying and 352.5 PKR for selling. The Euro (EUR) continued its stable performance, trading at 290 PKR for buying and 292.75 PKR for selling, reflecting consistent demand in international trade. Meanwhile, the Australian Dollar (AUD) saw slight movements, with a buying price of 175.75 PKR and a selling price of 178 PKR.
Among the Gulf currencies, the Saudi Riyal (SAR) stood at 74.2 PKR for buying and 74.75 PKR for selling, while the UAE Dirham (AED) maintained its position at 75.85 PKR for buying and 76.5 PKR for selling. The Kuwaiti Dinar (KWD) remained one of the strongest currencies, trading at 896.3 PKR for buying and 905.8 PKR for selling, reflecting its high valuation in the foreign exchange market.
Asian currencies such as the Chinese Yuan (CNY) and the Japanese Yen (JPY) showed minor adjustments. The Chinese Yuan was available at 37.59 PKR for buying and 37.99 PKR for selling, while the Japanese Yen traded at 1.85 PKR for buying and 1.91 PKR for selling. These shifts align with broader trends in Asian markets, impacted by regional economic policies and global trade relations.
Market experts suggest that Pakistan’s currency exchange rates will continue to be influenced by external factors such as global oil prices, trade balances, and geopolitical developments. The State Bank of Pakistan’s monetary policies and foreign exchange interventions will also play a crucial role in stabilizing the currency market. As businesses and investors monitor these fluctuations, economic analysts recommend cautious decision-making in foreign exchange transactions.
The ongoing developments in the global financial landscape will remain a key determinant in shaping the movement of the Pakistani Rupee in the coming weeks.