KARACHI – The buying rate of the British Pound against Pakistani rupee on Wednesday decreased by 21 paisas as it stood at Rs384.39 in open market.
The selling rates for the Pound also recorded downward trend and stood at Rs388.26, according to the currency exchange association.
UK Pound to PKR
Rate Old Rate New Rate
Buying Rs3884.60 Rs384.39
Selling Rs388.47 Rs388.26
Pakistan-UK Relations
Pakistan and the United Kingdom share a robust economic partnership in various domains such as trade and others.
The UK is among Pakistan’s top trading partners, with bilateral trade involving textiles, pharmaceuticals, and technology.
Remittances from UK
Thousands of British-Pakistanis contribute to Pakistan’s economy through regular remittances. In May 2025, remittances from the UK recorded at $588.1 million.
Overall, the workers’ remittances from overseas to Pakistan, recording a significant growth of 28.8 percent during eleven months of fiscal year 2024-25, reached nearly US$ 35 billion in the period from July to May while monthly inflows in May increased to $ 3.69 billion.
“Cumulatively, with an inflow of US$ 34.9 billion, workers’ remittances increased by 28.8 percent during Jul-May FY25 compared to US$ 27.1 billion received during Jul-May FY24,” the State Bank of Pakistan reported on Wednesday.
During May 2025, the workers’ remittances recorded an inflow of US$ 3.686 billion, depicting 16 percent growth over April 25 and 13.7 percent yearly increase against May 2024, the statistics showed.
