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Rates & Markets

Dollar Rate in Pakistan Today: Interbank and Open Market USD/PKR

Daily benchmark rupee-dollar exchange rates in Pakistan. Check today's SBP weighted interbank rate, open market cash exchange quotes, and foreign exchange reserves data.

By BBP Economy Desk · October 1, 2026 · 2 min

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Dollar Rate in Pakistan Today (USD to PKR)

Interbank and open-market quotes, rupees per US dollar

Live feed
Interbank

Selling

Rs 277.47

BuyingRs 277.09

Open market

Selling

Rs 280.30

BuyingRs 277.60

Other currencies against the rupee

CurrencyCodeRs per unit
US DollarUSD277.05
British PoundGBP367.09
EuroEUR310.10
Saudi RiyalSAR73.88
UAE DirhamAED75.44
Canadian DollarCAD194.82
Australian DollarAUD193.36

Mid-market reference rates, not a bank or exchange-company quote. Rates from ExchangeRate-API.

Interbank and open-market rates are republished from a market-data feed and refreshed every three hours.Check your exchange company for the final rate.

The US Dollar to Pakistani Rupee (USD/PKR) exchange rate is among the most closely tracked financial indicators in Pakistan. It governs import purchasing power, foreign debt repayment burdens, overseas remittances, and the domestic cost of fuel and food.

Interbank vs. open market: understanding the distinction

Foreign exchange transactions in Pakistan operate across two regulated tiers:

  1. The Interbank Market: Commercial banks conduct trade-related foreign exchange transactions (Letters of Credit for imports, export receipts, and treasury debt settlements). The State Bank of Pakistan reports the daily volume-weighted average closing rate at 4:00 PM each business day.
  2. The Open (Retail) Market: Exchange companies licensed by the SBP buy and sell physical foreign currency notes and traveler cheques for individual citizens traveling abroad, educational fee remittances, and retail savings.

Under the Structural Benchmarks established with the IMF, the government maintains a free-float market-determined exchange rate, avoiding artificial currency pegs that historically depleted official reserves.

The forces that move the rupee

The rupee's value against international currencies responds to structural supply and demand fundamentals:

  • Remittance inflows: Workers' remittances sent by the Pakistani diaspora in Saudi Arabia, the UAE, the United Kingdom, and the United States provide the largest non-debt foreign exchange buffer.
  • Trade deficit: The gap between merchandise exports (predominantly textiles, rice, and IT services) and imports (machinery, petroleum, and chemicals) determines net dollar outflows.
  • External debt service: Multilateral and bilateral loan repayments reduce State Bank reserves, requiring steady rollover agreements and multilateral financing inflows.

For related reporting on foreign exchange reserves and macroeconomic indicators, read our reporting on Pakistan's foreign exchange reserves and remittances and our gold rate pricing guide.

Frequently Asked Questions

What is the difference between interbank and open market dollar rates?
The interbank rate is the wholesale exchange rate at which commercial banks settle international trade payments, imports, and debt servicing. The open market (kerb) rate is quoted by exchange companies for retail currency transactions, overseas travel allowances, and individual foreign-exchange cash purchases.
Who regulates the dollar rate in Pakistan?
The State Bank of Pakistan (SBP) monitors the foreign exchange market under a market-determined exchange rate regime agreed with the International Monetary Fund. The SBP publishes the daily weighted average closing interbank rate at the end of each banking business day.
Why do the interbank and open market dollar rates differ?
Under current State Bank regulations, the spread between interbank and open market rates is capped at a narrow premium (typically under 1.25%) to prevent arbitrage and informal currency outflows.
How does a weaker rupee impact everyday consumer prices?
Because essential commodities — including crude oil, petroleum fuels, edible palm oil, LNG, and industrial raw materials — are imported and billed in US dollars, currency depreciation directly increases landed import costs in rupee terms, flowing into consumer goods inflation.

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