KARACHI – British Pound has extended gains against Pakistani rupee in open market, according to the latest exchange rate data.
The rates for the Pound stood at Rs383.68 (buying) and Rs387.55 (selling) after witnessing gains in open market.
UK Pound to PKR
Rate Old Rate New Rate
Buying Rs382.83 Rs383.68
Selling Rs386.7 Rs387.55
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.
Remittances from UK
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.
