The State Bank of Pakistan (SBP) has released the latest Mark-to-Market (M2M) exchange rates for 2025, providing essential data for businesses, speculators, and residents involved in Pakistan’s financial landscape. The rates, sourced from brokerage firms and Reuters Eikon Terminal, reflect the weighted average of interbank closing rates for various global currencies, including the US Dollar (USD), Saudi Riyal (SAR), UAE Dirham (AED), Kuwaiti Dinar (KWD), Canadian Dollar (CAD), and Qatari Riyal (QAR). Here’s a breakdown of today’s currency rates compared with those from 2025.
Key Currency Rates in Pakistan
1. Saudi Riyal (SAR)
- Ready: PKR 75.1305 (Previous: PKR 75.1330, down by PKR 0.0025)
- 1-Month: PKR 75.4621 (Previous: PKR 75.4979, down by PKR 0.0358)
- 3-Month: PKR 76.0271 (Previous: PKR 76.0445, down by PKR 0.0174)
- 6-Month: PKR 76.5443 (Previous: PKR 76.5596, down by PKR 0.0153)
- 1-Year: PKR 78.1112 (Previous: PKR 78.1085, up by PKR 0.0027)
Impact: The slight drop in SAR rates could lower remittance costs and expenses for religious tourism.
2. UAE Dirham (AED)
- Ready: PKR 76.7526 (Previous: PKR 76.7654, down by PKR 0.0128)
- 1-Month: PKR 77.1537 (Previous: PKR 77.1958, down by PKR 0.0421)
- 3-Month: PKR 77.8378 (Previous: PKR 77.8516, down by PKR 0.0138)
- 6-Month: PKR 78.4365 (Previous: PKR 78.4636, down by PKR 0.0271)
- 1-Year: PKR 80.2827 (Previous: PKR 80.2789, up by PKR 0.0038)
Impact: A minor reduction in AED rates may decrease expenses for expatriates and businesses in the UAE.
3. Kuwaiti Dinar (KWD)
- Ready: PKR 921.3475 (Previous: PKR 922.3444, down by PKR 0.9969)
- 1-Month: PKR 926.6247 (Previous: PKR 927.9597, down by PKR 1.3350)
- 3-Month: PKR 935.2737 (Previous: PKR 936.3203, down by PKR 1.0466)
- 6-Month: PKR 943.8112 (Previous: PKR 944.2729, down by PKR 0.4617)
- 1-Year: PKR 965.1842 (Previous: PKR 966.1423, down by PKR 0.9581)
Impact: The decline in KWD rates may benefit individuals or organizations handling large-scale financial transactions.
4. Canadian Dollar (CAD)
- Ready: PKR 202.6269 (Previous: PKR 203.2888, down by PKR 0.6619)
- 1-Month: PKR 203.9693 (Previous: PKR 204.7227, down by PKR 0.7534)
- 3-Month: PKR 206.3092 (Previous: PKR 206.9842, down by PKR 0.6750)
- 6-Month: PKR 209.1119 (Previous: PKR 210.1546, down by PKR 1.0427)
- 1-Year: PKR 214.7211 (Previous: PKR 215.3623, down by PKR 0.6412)
Impact: The drop in the CAD rate may benefit trade and financial dealings between Pakistan and Canada.
5. Qatari Riyal (QAR)
- Ready: PKR 77.3466 (Previous: PKR 77.3594, down by PKR 0.0128)
- 1-Month: PKR 77.7589 (Previous: PKR 77.7830, down by PKR 0.0241)
- 3-Month: PKR 78.4223 (Previous: PKR 78.4289, down by PKR 0.0066)
- 6-Month: PKR 78.9931 (Previous: PKR 79.0195, down by PKR 0.0264)
- 1-Year: PKR 80.8043 (Previous: PKR 80.8060, down by PKR 0.0017)
Impact: The minor decrease in QAR rates could help Pakistani workers in Qatar manage lower living costs.
6. US Dollar (USD)
- Ready: PKR 281.9047 (Previous: PKR 281.9515, down by PKR 0.0468)
- 1-Month: PKR 283.3526 (Previous: PKR 283.5061, down by PKR 0.1535)
- 3-Month: PKR 285.8009 (Previous: PKR 285.8588, down by PKR 0.0579)
- 6-Month: PKR 288.0249 (Unchanged)
- 1-Year: PKR 294.5611 (Previous: PKR 294.5551, up by PKR 0.0060)
Impact: The USD’s dip is consistent with open market trends, offering potential relief for import-related costs.
Other Notable Currency Trends
Several other key currencies show changes compared to 2025, as follows:
- Euro (EUR): Ready at PKR 326.8403 (Previous: PKR 328.3325, down by PKR 1.4922)
- British Pound (GBP): Ready at PKR 377.9355 (Previous: PKR 380.8177, down by PKR 2.8822)
- Swiss Franc (CHF): Ready at PKR 348.2025 (Previous: PKR 348.8635, down by PKR 0.6610)
- Australian Dollar (AUD): Ready at PKR 181.0956 (Previous: PKR 181.6049, down by PKR 0.5093)
- Singapore Dollar (SGD): Ready at PKR 218.6409 (Previous: PKR 219.3577, down by PKR 0.7168)
Conclusion
The fluctuations in the exchange rates reflect a mixed but steady trend for the Pakistani Rupee (PKR) against major global currencies. A notable decrease in the rates of the Saudi Riyal, UAE Dirham, Kuwaiti Dinar, and Canadian Dollar suggests favorable conditions for businesses and expatriates dealing in these currencies. The US Dollar’s marginal dip aligns with expectations, potentially aiding in easing import costs. As the global financial landscape continues to evolve, keeping track of such fluctuations is essential for both individuals and businesses in Pakistan.
