Karachi, April 10, 2026 – The State Bank of Pakistan (SBP) has released the latest Mark-to-Market (M2M) foreign exchange rates for authorized dealers, offering updated reference values for currency transactions against the Pakistani Rupee (PKR). This detailed report is essential for traders, importers, exporters, and those sending remittances abroad.
The US Dollar (USD), Pakistan’s most frequently traded currency, is set at PKR 279.01 for same-day settlements. Forward premiums on the dollar show modest increases across various tenors, with the 1-year forward rate reaching PKR 289.78. This suggests a cautious market expectation of gradual rupee depreciation over the next year. The USD/PKR rate remains a critical benchmark influencing international trade, remittance inflows, and foreign debt repayments. Practically, this means that for every $100, PKR 27,901 is required for immediate transactions, affecting everything from the cost of imported goods to education expenses overseas.
Meanwhile, the British Pound (GBP) trades at PKR 374.21 for ready transactions, maintaining a strong premium against the rupee. Forward contracts for the GBP/PKR pair indicate steady upward momentum, with the 1-year rate at PKR 387.33. This rate is particularly significant for Pakistani expatriates in the UK and for importers dealing in British products and services. At today’s rate, £100 translates to approximately PKR 37,421.
In a significant development, the Kuwaiti Dinar (KWD) leads as the highest-valued currency against the PKR, quoted at PKR 910.31 on a ready basis. Given the substantial number of Pakistani workers in the Gulf Cooperation Council countries, this rate has a direct impact on remittance inflows from Kuwait. Forward rates project a gradual appreciation, with the 1-year rate at PKR 953.00, reflecting sustained demand for Gulf currencies. For families receiving remittances, every 1,000 KWD sent home equates to roughly PKR 910,310.
The Qatari Riyal (QAR) is priced at PKR 76.53 for same-day settlements, reflecting the large Pakistani labor force in Qatar’s energy, construction, and service sectors. Forward pricing remains stable, with the 12-month rate at PKR 79.44, indicating limited volatility within the Gulf currency group.
The Bahraini Dinar (BHD) holds firm at PKR 739.89 for ready transactions. This currency is vital for Pakistani expatriates in Bahrain, influencing both money transfers and trade settlements. Forward curves suggest a moderate appreciation, with the 1-year rate projected at PKR 766.40, consistent with regional currency trends.
The Canadian Dollar (CAD) trades at PKR 201.54 for ready value. With growing educational, immigration, and commercial ties between Pakistan and Canada, this rate is increasingly relevant for students, families, and small to medium enterprises involved in cross-border activities. Forward contracts show moderate upward pressure, with the 1-year rate at PKR 212.00. For example, Canadian tuition fees of CAD 20,000 would require approximately PKR 4.03 million at current rates.
Other major and regional currencies actively quoted in Pakistan’s foreign exchange market include the Euro (EUR) at PKR 325.86 and the Japanese Yen (JPY) at PKR 1.75. Gulf currencies feature the UAE Dirham (AED) at PKR 75.96, Saudi Riyal (SAR) at PKR 74.34, and Omani Rial (OMR) at PKR 724.70. Asian currencies include the Chinese Yuan (CNY) at PKR 40.82, Malaysian Ringgit (MYR) at PKR 70.28, Indian Rupee (INR) at PKR 3.01, Sri Lankan Rupee (LKR) at PKR 0.88, and Bangladeshi Taka (BDT) at PKR 2.27.
Additional rates include the Australian Dollar (AUD) at PKR 196.83, Swiss Franc (CHF) at PKR 352.93, Singapore Dollar (SGD) at PKR 218.73, New Zealand Dollar (NZD) at PKR 162.75, and South African Rand (ZAR) at PKR 16.94. European currencies such as the Swedish Krona (SEK), Norwegian Krone (NOK), and Danish Krone (DKK) are quoted at PKR 29.94, PKR 29.32, and PKR 43.61 respectively. Emerging market currencies include the Brazilian Real (BRL) at PKR 55.17, Turkish Lira (TRY) at PKR 6.24, Indonesian Rupiah (IDR) at PKR 0.016, Mexican Peso (MXN) at PKR 16.04, Russian Ruble (RUB) at PKR 3.62, South Korean Won (KRW) at PKR 0.19, and Kazakhstani Tenge (KZT) at PKR 0.59. The Hong Kong Dollar (HKD) trades at PKR 35.62, Thai Baht (THB) at PKR 8.67, and the Argentine Peso (ARS) has limited forward liquidity with a ready rate of PKR 0.20.
Day-over-day comparisons from April 9 to April 10, 2026, show the USD/PKR rate remaining stable at 279.01 (versus 279.02 previously). The GBP/PKR rate experienced a slight increase to 374.21 from 373.64, indicating minor volatility. The KWD/PKR rate dipped marginally to 910.31 from 910.36. The EUR/PKR rate stands at 325.86, reflecting ongoing European market influences.
Overall, the Pakistani Rupee demonstrated resilience against major currencies today, with the USD/PKR pair maintaining stability around the 279 level, suggesting balanced market sentiment. These Mark-to-Market rates are provided daily by the State Bank of Pakistan to authorized dealers for foreign exchange book revaluation.
