LAHORE – The buying rate of Canadian has recorded an increase against Pakistani rupee in open market where it stood at Rs211 on Thursday.
The private exchange companies are selling the Canadian Dollar for Rs216 reflecting its dominance over the local currency.
The local currency rates reflect ongoing trend in the forex market influenced by regional demand, remittance inflows, and overall economic sentiments.
How much is $1000 CAD in PKR?
As of July 17, they buying rate of the Canadian dollar stands at Rs211. It means an individual can convert $1000 CAD for Rs211,000 in open market.
Remittances play a crucial role in supporting the economies of developing countries. They provide a stable source of income for millions of families, helping them meet basic needs such as food, healthcare, and education.
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 $8.3 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).
