Karachi, April 07, 2026 – The State Bank of Pakistan (SBP) has released its latest Mark-to-Market (M2M) currency rates for authorized dealers, providing fresh reference values for foreign currency dealings against the Pakistani Rupee (PKR). This update is essential for traders, importers, exporters, and those sending remittances.
In today’s rates, the US Dollar (USD), Pakistan’s most widely traded foreign currency, is quoted at PKR 279.06 for same-day settlements. Forward premiums on the USD show moderate increases, with the 1-year forward rate projected at PKR 289.78, indicating market expectations of gradual rupee depreciation in the near future. The USD/PKR rate remains a critical benchmark for international trade, remittance inflows, and servicing foreign debt.
Meanwhile, the British Pound (GBP) trades at PKR 369.62 for ready transactions, maintaining a significant premium over the rupee. The forward market for GBP/PKR shows a steady upward trend, with the 1-year contract priced at PKR 382.20. This rate is particularly relevant for Pakistani expatriates in the UK and importers of British goods and services.
In a notable development, the Kuwaiti Dinar (KWD) continues to hold the highest value against the PKR, trading at PKR 909.15 on a ready basis. Given the large number of Pakistani workers in the Gulf Cooperation Council region, the KWD/PKR exchange rate directly affects remittance inflows from Kuwait. Forward rates suggest a gradual appreciation, with the 1-year rate forecasted at PKR 951.95.
The Qatari Riyal (QAR) is quoted at PKR 76.54 for same-day settlements. With many Pakistanis employed in Qatar’s energy, construction, and service sectors, this rate is closely monitored for remittance calculations and cross-border trade. The QAR forward rate remains stable, with a 12-month rate of PKR 79.44, reflecting limited expected volatility among Gulf currencies.
The Bahraini Dinar (BHD) holds firm at PKR 739.15 in ready transactions. As another key Gulf currency for Pakistani expatriates, its exchange rate influences money transfers and trade settlements with Bahrain. Forward curves indicate moderate appreciation, with the 1-year rate projected at PKR 765.99, consistent with regional currency trends.
The Canadian Dollar (CAD) trades at PKR 200.49 for ready value. Strengthening educational, immigration, and business connections between Pakistan and Canada make the CAD/PKR rate increasingly significant 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 210.94.
Other major and regional currencies quoted in Pakistan’s foreign exchange market today include the Euro (EUR) at PKR 322.40 and Japanese Yen (JPY) at PKR 1.75. Gulf currencies feature the UAE Dirham (AED) at PKR 75.98, Saudi Riyal (SAR) at PKR 74.33, and Omani Rial (OMR) at PKR 724.84. Asian currencies include the Chinese Yuan (CNY) at PKR 40.65, Malaysian Ringgit (MYR) at PKR 69.20, Indian Rupee (INR) at PKR 3.00, Sri Lankan Rupee (LKR) at PKR 0.88, and Bangladeshi Taka (BDT) at PKR 2.26.
Additional notable rates are the Australian Dollar (AUD) at PKR 193.14, Swiss Franc (CHF) at PKR 349.11, Singapore Dollar (SGD) at PKR 217.27, New Zealand Dollar (NZD) at PKR 159.19, and South African Rand (ZAR) at PKR 16.53. European currencies include the Swedish Krona (SEK) at PKR 29.44, Norwegian Krone (NOK) at PKR 28.80, and Danish Krone (DKK) at PKR 43.14.
Emerging market currencies show the Brazilian Real (BRL) at PKR 54.29, Turkish Lira (TRY) at PKR 6.26, Indonesian Rupiah (IDR) at PKR 0.016, Mexican Peso (MXN) at PKR 15.71, Russian Ruble (RUB) at PKR 3.55, South Korean Won (KRW) at PKR 0.186, and Kazakhstani Tenge (KZT) at PKR 0.606. The Hong Kong Dollar (HKD) is at PKR 35.61, while the Thai Baht (THB) trades at PKR 8.57. The Argentine Peso (ARS) shows limited forward liquidity with a ready rate of PKR 0.20.
These Mark-to-Market (M2M) rates are issued daily by the State Bank of Pakistan to assist authorized dealers in revaluing their foreign exchange portfolios accurately.
