Pakistan’s Currency Market Sees Marginal Fluctuations in Foreign Exchange Rates

Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for several major currencies on January 31, 2025, reflecting slight movements in the buying and selling prices within the open market.

According to the ECAP, the US dollar was bought at 278.76 Pakistani rupees and sold at 280.83 rupees. The euro saw its buying rate at 289.40 rupees, while its selling rate was slightly higher at 292.16 rupees.

The British pound was reported to have a buying rate of 346.24 rupees and a selling rate of 349.45 rupees. The Japanese yen was available for purchase at 1.78 rupees and could be sold at 1.82 rupees.

The exchange rates for the United Arab Emirates dirham and the Saudi riyal were also noted. The dirham's buying rate was 75.98 rupees, with a selling rate of 76.50 rupees. The Saudi riyal was listed at 74.25 rupees for buying and 74.75 rupees for selling.

These rates are provided by the ECAP for informational purposes and are indicative of the current trading environment in Pakistan's open market, as sourced from the State Bank of Pakistan.