KARACHI – UK Pound or GBP sterling gained 54 paisas against Pakistani rupee as it stood at Rs354.43 on Friday, 28 February 2025, according to Forex Association of Pakistan.
The selling rate of the pound also weakened as it is being sold for Rs358.5 in the South Asian country.
The currency code for the British Pound Sterling is GBP, which is the official currency of the United Kingdom. The pound sign (£) is used for the British Pound Sterling, also known as “sterling.”
Over 1.5 million Pakistani expatriates live in the United Kingdom, making it a significant contributor to remittances received by Pakistan from Britain.
Pound to PKR Rate Today
The UK pound is being traded at Rs354.43 in the open market. So, the 1,000 pounds will be equal to Rs354,430 in Pakistani currency.
Overseas Pakistanis residing in the UK sent $443.6 million in wake of remittances during January 2025, 1% higher than $438 million sent in December 2024. However, the inflows improved by 22% on year on year basis.
The United Kingdom has been engaged with Pakistan to support sustainable development by increasing bilateral trade and other economic partnerships.
Total trade in goods and services (exports plus imports) between the UK and Pakistan was £4.4 billion in the four quarters to the end of Q3 2024, an increase of 3.0% or £130 million in current prices from the four quarters to the end of Q3 2023.
SBP shares plan for New Currency Notes as part of 2025 Rollout; full details inside
