As of 6:34 PM PKT on March 28, 2026, the Qatari Riyal (QAR) is trading at 76.36 Pakistani Rupees (PKR), maintaining the same level recorded on March 21. This rate remains close to recent lows, reflecting a softer trend that has persisted since mid-2025. Despite this, Qatar’s strong energy sector continues to provide a foundation of stability amid relatively calm market conditions.
The QAR-PKR exchange rate has exhibited limited fluctuations over the past few weeks, consistently staying within the lower range. Recent figures include 76.36 PKR on March 21, 76.64 PKR on March 14, 76.74 PKR on March 7, 76.73 PKR on February 28, 76.76 PKR on February 21, 76.79 PKR on February 14, 76.73 PKR on January 31, and 76.88 PKR on January 17. Earlier in the period, the rate peaked at higher levels such as 77.93 PKR on September 5, 77.88 PKR on August 12, and reached its 2025 high of 78.26 PKR on July 19. June 2025 closed at 77.86 PKR, having opened near 77.39 PKR.
Pakistan’s ongoing economic reforms, coupled with external financial support, have contributed to the relative resilience of the Pakistani Rupee against the Qatari Riyal during this timeframe. The exchange rate between the two currencies is primarily influenced by supply and demand dynamics in the foreign exchange market, shaped by trade flows, remittance volumes, and economic policies.
Notably, the Qatari Riyal remains pegged at 3.64 QAR per US Dollar, benefiting from Qatar’s dominant role as a major liquefied natural gas (LNG) exporter. Conversely, the Pakistani Rupee floats freely and is more sensitive to domestic inflation, political developments, and fluctuations in foreign reserves—factors that have generally bolstered the PKR in recent months.
Meanwhile, the ongoing regional conflict involving Iran continues to impact energy markets. Disruptions near the Strait of Hormuz and related infrastructure have kept oil prices elevated, exerting inflationary pressures on energy-importing countries such as Pakistan. While Qatar gains some advantage from higher energy prices as an LNG exporter, the broader geopolitical uncertainty in the Gulf region introduces volatility to shipping routes and regional currencies, indirectly affecting the QAR-PKR exchange rate.
For the more than 125,000 Pakistani expatriates residing in Qatar, the current subdued exchange rate reduces the value of remittances sent back home. A transfer of 1,000 QAR today equates to 76,360 PKR—unchanged since March 21 but 1,030 PKR lower than the June 2025 level of 77,390 PKR. This persistent shortfall places additional financial strain on families in Pakistan who rely on these funds for education, healthcare, housing, and daily expenses.
On the other hand, individuals earning in Pakistani Rupees may find imported goods in Qatar relatively more affordable due to the exchange rate dynamics. The Qatari Riyal, introduced in 1966 and denoted as QR or ر.ق, is managed by the Qatar Central Bank and remains a stable pillar of the Gulf economy through its dollar peg. The Pakistani Rupee, symbolized as ₨ since 1948 and regulated by the State Bank of Pakistan, continues to adjust in response to evolving economic and geopolitical conditions.
