Understanding PKR Exchange Rates
The Pakistani Rupee (PKR) is managed by the State Bank of Pakistan
(SBP). Exchange rates fluctuate daily based on foreign exchange
reserves, trade balance, remittances, and global market conditions.
Pakistan receives approximately $27 billion in annual remittances —
making overseas Pakistanis one of the largest sources of foreign
exchange. SAR (Saudi Riyal) and AED (UAE Dirham) are particularly
important given the large Pakistani workforce in the Gulf.
What is the best way to send money to Pakistan from abroad?
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The most cost-effective methods include bank wire transfers
(SWIFT), Remittance companies (Western Union, MoneyGram), mobile
app services (Wise, Remitly), and Roshan Digital Account (RDA) by
SBP. RDA offers special incentives for overseas Pakistanis
including higher profit rates on savings. Always compare the
exchange rate AND the transfer fee — both affect the total amount
received.
Where can I find the official PKR exchange rate?
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The State Bank of Pakistan publishes official exchange rates daily
on their website (sbp.org.pk/ecodata/). Our calculator fetches
live rates from a third-party API which may differ slightly from
the SBP official rate. For large transactions, always verify with
your bank or the SBP for the exact interbank rate.
Why is the dollar rate different at banks vs. exchange companies?
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Banks use the interbank rate which is the official market rate.
Exchange companies (money changers) operate on the open market and
set their own rates within SBP limits. The difference (spread) can
range from Rs 1–5 per dollar. Online fintech platforms like Wise
often offer rates close to the interbank rate with transparent
fees.
What is the current USD to PKR exchange rate?
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The USD to PKR exchange rate fluctuates daily. As of 2025, 1 USD
is approximately Rs 278–285. The HisaabKaro currency converter
fetches live rates automatically — check the calculator above
for the current rate. Note that bank rates may differ slightly
from the interbank reference rate.
What is the difference between the interbank rate and open
market rate in Pakistan?
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The interbank rate is the official rate used for large
inter-bank transactions and commercial imports. The open market
rate (used by exchange companies and individuals) is typically
Rs 3–10 higher per USD. Banks generally use the interbank rate
but may add their own margin. For remittances, your bank or
exchange service will specify which rate applies.
How do I convert SAR to PKR for salary or remittance purposes?
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To convert Saudi Riyal to PKR, multiply the SAR amount by the
current SAR/PKR rate. For example, if 1 SAR = Rs 74, then SAR
2,000 = Rs 148,000. Use the currency converter above for the
live rate. For regular remittances, compare rates across HBL
Konnect, Meezan Roshan Digital Account, and Western Union to
find the best deal.
Is there a limit on how much foreign currency can be remitted
to Pakistan?
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Pakistan has no cap on inbound remittances — any amount can be
received from abroad. Outbound transfers are regulated by the
State Bank of Pakistan; individuals can remit up to USD 100,000
per year under the Travel Allowance scheme, with larger amounts
requiring specific SBP approval. All large transfers must
comply with FATF documentation requirements.