KARACHI – The UK Pound witnessed further decline in its buying rate against Pakistani rupee on Friday as it stood at 388.08 in open market.
The selling rates for the Pound also recorded downward trend and stood at Rs394.5, according to the currency exchange association.
UK Pound to PKR Rate Today
Rate Old Rate New Rate
Buying Rs389.18 Rs388.08
Selling Rs393.35 Rs392.4
In Pakistan, exchange rates influence the value of the rupee compared to major currencies like the US dollar and UAE dirham. A stronger exchange rate makes imports cheaper and helps control inflation, while a weaker rate can boost exports. For overseas Pakistanis, currency exchange is essential for sending remittances. Keeping track of exchange rates supports informed decisions in business, travel, and economic planning.
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.
