KARACHI – The buying rate of the British Pound or GBP Sterling extended gains in open market of Pakistan as it stood at Rs377.34 after an increase of 73 paisas on Wednesday, 21 May 2025.
The selling rate of the pound also recorded upward trend as it is being sold for Rs380.86 at various outlets of exchange companies, according to Forex Association of Pakistan.
The UK Pound (GBP) to Pakistani Rupee (PKR) exchange rate represents the value of one British Pound in Pakistani Rupees.
GBP Sterling to PKR Today
1 UK Pound = Rs377.34
Currency exchange rates play a vital role in the global economy. They affect the price of imports and exports, influencing trade balances. A stronger currency makes imports cheaper and exports more expensive, which can impact a country’s trade deficit or surplus. Additionally, businesses and investors monitor exchange rates closely, as fluctuations can affect profitability, especially for companies operating internationally.
Currency exchange allows businesses and governments to trade goods and services across borders.
Exporters and importers convert foreign currencies to their local currencies, enabling smooth transactions.
Meanwhile, remittances from the United Kingdom recorded at $535.3 million during April 2025, 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.
