KARACHI – The buying rate in UK pound (GBP sterling) Pakistan is Rs 346.84 while the sale rate in the open market on Monday is Rs 35551.13.
The British pound did not record a change on the first day of the trading week. However, it may be fluctuated over the closing time of the market.
The currency code for British pound sterling is GBP, which is the official currency of the UK. Pound sign (£) is used for British pound sterling, also known as “sterling”.
PKR rate from GBP today
As of February 03, the pound buying rate in the open market is Rs 346.84. Therefore, 1,000 pounds will be equal to Rs 346,840 in Pakistani currency.
More than 1.5 million Pakistani immigrants are living in the UK. These immigrants send remittances to their families in Pakistan and closely monitor the exchange rate.
Remittances are considered an important assistant in foreign reserves, which are essential for importing essential goods from foreign countries and paying international loans.
As of January 24, 2025, Pakistan’s total liquid foreign reserves were $ 16,052.1 million, while SBP reserves were recorded at $ 11,372.4 million.
The State Bank of Pakistan said that the Central Bank -run liquid exchange reserves “during the week ended January 24, 2025, declined US $ 76 million to US $ 11,372.4 million due to external loan payments. Yes. Commercial Bank, $ 4,679.7 million.
