Currency Rates in Pakistan
What one unit of each currency buys in Pakistani rupees. These are interbank quotes — the rate banks trade with each other — so the open-market rate a currency dealer offers you is normally a rupee or two away, and card and remittance rates differ again.
| Currency | 1 unit buys | Session |
|---|---|---|
| US Dollar | 277.33 PKR | ▲ 0.41% |
| Euro | 323.94 PKR | ▲ 1.34% |
| British Pound | 377.48 PKR | ▲ 0.92% |
| Saudi Riyal | 73.8610 PKR | — |
| UAE Dirham | 75.5000 PKR | ▲ 0.01% |
| Australian Dollar | 197.63 PKR | ▲ 1.00% |
| Canadian Dollar | 200.89 PKR | ▲ 0.89% |
| Malaysian Ringgit | 68.3250 PKR | ▲ 0.65% |
| Japanese Yen | 1.7516 PKR | ▲ 0.72% |
| Indian Rupee | 2.8944 PKR | ▼ 0.42% |
Why the dollar rate matters for fuel prices
Pakistan imports refined petrol and diesel, and OGRA prices them from the Platts Arab Gulf benchmark in US dollars. The rupee rate is therefore one of the two inputs that move the notified price: the formula converts the dollar benchmark at a seven-day average USD/PKR rate before adding duties, margins and levies. At the last close the dollar was 277.33 rupees. A weakening rupee raises the pump price even when crude is flat — you can see both inputs on the price forecast page.
The riyal and dirham are listed because they are the currencies most remittances to Pakistan arrive in; the sending rate a remittance service quotes includes its own spread on top of the interbank rate shown here.
Interbank, open market and remittance rates are three different numbers
People often compare a rate they saw online with the one a dealer quoted and conclude somebody is wrong. Usually all three are correct, because they are not the same market.
- Interbank — what banks trade with each other, and what this page shows. It is the reference the State Bank publishes and the rate OGRA's fuel pricing formula uses.
- Open market — what an exchange company will sell you physical currency for. It carries a spread over interbank and moves with cash demand, so it usually sits a rupee or two higher for the dollar.
- Remittance — what a transfer service applies when money arrives from abroad. It embeds the provider's own margin, which is where most of the cost of sending money actually sits.
For working out what a fuel price will do, interbank is the number that matters, because that is the basis the pricing formula converts at. For working out what you will actually receive or pay, it is the floor rather than the answer.
How to read this table
Every rate is quoted as rupees per one unit of the foreign currency, which is how the rate is normally read in Pakistan — “the dollar is at 278” rather than the inverse. A rising number means the rupee has weakened against that currency. Rates are last-close values, not live ticks, and this page renders nothing rather than show a stale figure if an update fails.