KARACHI – Pakistani rupee has extended gains against the UK Pound in open market as GBP Sterling’s buying rate dropped to Rs381.77 on Thursday after losing Rs1.02.
The selling rate for the Pound also decreased and settled at Rs384.98, according to the currency exchange association.
For overseas Pakistanis, currency exchange is essential for sending remittances. Keeping track of exchange rates supports informed decisions in business, travel, and economic planning.
A huge number of Pakistanis living in the UK contribute to Pakistan’s economy through regular remittances. In June 2025, remittances from the UK recorded at $537.6 million.
Overall, Pakistan recorded workers’ remittances inflow of $3.4 billion in June 2025.
According to the data released by the State Bank of Pakistan (SBP) on Wednesday, workers’ remittances increased by 7.9 per cent on a year-on-year basis.
During fiscal year 2024-25, workers’ remittances rose by 26.6 per cent to $38.3 billion as compared with $30.3 billion in 2023-24.
Remittances during June 2025 were mainly sourced from Saudi Arabia ($823.2 million), United Arab Emirates ($717.2 million), United Kingdom ($537.6 million) and United States of America ($281.2 million).
When the Pakistani Rupee strengthens against the UK Pound, Pakistanis receiving remittances may get fewer Rupees for each Pound sent.
However, for those planning to repay debts in Pounds, import goods, or study abroad, a stronger Rupee can be beneficial. It reduces the cost of foreign payments, making overseas expenses more manageable.
Families receiving remittances can stretch their money further when buying imported goods or services priced in foreign currency. It also supports economic stability by lowering inflationary pressure.
While it may slightly reduce the Rupee amount received, the overall cost of living may improve, balancing the financial impact.
