KARACHI – British Pound has recorded losses against Pakistani Rupee in open market, according to the latest exchange rate data.
The rates for the Pound stood at Rs380.39 (buying) and Rs384.29 (selling) after shedding Rs2.32 in open market.
UK Pound to PKR
Rate Old Rate New Rate
Buying Rs382.71 Rs380.39
Selling Rs386.61 Rs384.29
This change indicates a decline in the buying rate, while the selling rate has also decreased, showing a narrowing spread between the two. The movement reflects ongoing market corrections and demand shifts in the foreign exchange sector.
Currency traders note that such fluctuations are common as the local market reacts to international trends, remittances, and economic indicators.
In April 2025, remittances from the United Kingdom recorded at $535.3 million, down by 22% compared to $683.8 million in March 2025. When it comes to year on year basis, the remittances were increased by 33%.
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.
Thousands of British-Pakistanis contribute to Pakistan’s economy through regular remittances. In 2025, remittances from the UK crossed $680 million in March alone, supporting families and boosting foreign exchange reserves.
