Today’s Currency Exchange Rates in Pakistan – September 29

KARACHI: The State Bank of Pakistan (SBP) released the latest mark-to-market exchange rates for major global currencies on September 29, 2025. These rates help foreign exchange dealers revalue their books daily. The rates are based on the weighted average of the USD/PKR closing rate and global currency values from LSEG Workspace. The US Dollar slightly declined to 281.35 PKR in the spot market, while its one-year forward rate rose to 293.81 PKR.

Gulf currencies remained strong against the PKR, reflecting economic stability in the region. The Saudi Riyal stood at 75.01 PKR, rising to 77.85 PKR over one year. The UAE Dirham opened at 76.60 PKR and reached 80.07 PKR in the forward market. The Qatari Riyal traded at 77.19 PKR in the spot and increased to 80.57 PKR for one-year tenor. The Kuwaiti Dinar remained firm at 922.47 PKR, with a forward rate of 967.51 PKR.

The Euro dipped to 329.64 PKR in the spot market but reached 350.39 PKR over the one-year tenor. The British Pound traded at 377.85 PKR, rising to 393.83 PKR forward. The Bahraini Dinar stood at 746.18 PKR in the spot rate, climbing to 775.72 PKR over a year. Analysts link these shifts to global monetary policies and improved remittance inflows supporting the PKR.

Other major currencies also showed stable movements. The Japanese Yen stood at 1.89 PKR, while the Swiss Franc traded at 352.97 PKR. The Australian Dollar reached 184.75 PKR, and the Canadian Dollar was at 202.12 PKR. Currencies like the Singapore Dollar, Malaysian Ringgit, and Chinese Yuan also held steady levels against the PKR.

Meanwhile, smaller currencies such as the Bangladeshi Taka, Brazilian Real, and Argentine Peso remained limited to spot trading. The State Bank said there is no forward rate available for them. Forward premiums on major currencies reflect a cautious economic outlook, influenced by global interest rate expectations and Pakistan’s fiscal conditions.