Currency Rates in Pakistan Today Rupee Gains Slightly
Currency Rates in Pakistan See Slight Dip as Rupee Gains
KARACHI – August 20, 2025: The Pakistani Rupee (PKR) showed slight strengthening against major currencies on Wednesday, with updated exchange rates released by the State Bank of Pakistan (SBP) reflecting modest declines across the board.
Figures compiled from brokerage firms and Reuters Eikon Terminal reveal marginal drops in the US Dollar, Saudi Riyal, UAE Dirham, Kuwaiti Dinar, Canadian Dollar, and Qatari Riyal compared to August 18, 2025. Analysts say the minor appreciation of the Rupee could help ease costs for imports, remittances, and overseas travel.
Saudi Riyal (SAR)
The Riyal edged down to PKR 75.13 in the interbank market, compared to PKR 75.16 two days earlier. The decline, though small, may offer slight relief in transfer charges and pilgrimage-related expenses.
UAE Dirham (AED)
The Dirham stood at PKR 76.76, down from PKR 76.78 on August 18. Experts note this could marginally reduce costs for businesses and expatriates sending money home.
Kuwaiti Dinar (KWD)
The Kuwaiti Dinar slipped to PKR 922.34, falling by PKR 0.70 since Monday. The drop could ease financial strain on larger trade deals settled in the currency.
Canadian Dollar (CAD)
The Canadian Dollar recorded one of the sharpest declines, trading at PKR 203.28 against PKR 204.35 earlier. This fall is expected to slightly reduce education and remittance expenses for Pakistanis dealing in CAD.
Qatari Riyal (QAR)
The Qatari Riyal settled at PKR 77.35, down from PKR 77.38. The cut, while minimal, could benefit workers in Qatar sending remittances to Pakistan.
US Dollar (USD)
The Dollar was quoted at PKR 281.95, a slight drop from PKR 282.02 earlier this week. also reported the interbank rate at PKR 282.02 and open market selling at PKR 285.00 on August 18, highlighting the continuing gap between official and street rates.
Other Currencies
The Euro slipped to PKR 328.33 (from PKR 329.28), the British Pound to PKR 380.81 (from PKR 381.83), while the Swiss Franc, Australian Dollar, and Singapore Dollar also recorded small dips.
Market Outlook
Currency watchers note that while the Rupee has posted short-term gains, forward rates suggest the market expects some depreciation in the coming months. Six-month and one-year contracts for most currencies are priced higher, indicating caution about Pakistan’s external account pressures.
Financial experts on X pointed out that these shifts, though modest, could provide temporary relief on imports, money transfers, and travel costs. However, they warned that long-term trends still point to a weaker PKR if structural issues remain unaddressed.
The SBP’s official M2M (Mark-to-Market) publication serves as the benchmark for these daily adjustments, guiding banks, traders, and businesses in their financial planning.
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