KARACHI – Britain’s pound recorded significant benefits against the Pakistani rupee as the exchange rate on Wednesday, March 19, 2025, was Rs 364.20 on Wednesday.
The pound sales rate has also registered the trend above as it is being sold for Rs 367 in the South Asian country.
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”.
The currency exchange rate is affected by several important factors, which determines how much the currency is compared to the other.
Supply and demand: The most basic factor is the demand for the currency market. If more and more people or businesses need currency for trade or investment, its price increases. If the demand decreases, the price of the currency falls.
Interest rate: Central banks fix interest rates, which affect the attractiveness of the currency. High interest rates usually lead to a strong currency because investors want better profit. On the contrary, low rates can weaken the currency.
Economic indicators: Economic performance plays an important role. Strong indicators, such as low inflation, high GDP growth, and commercial surplus, increase confidence in a country’s currency, which increases its price. Weak economic performance can have the opposite effect.
Political Stability: The political environment of a country affects investors’ confidence. Stable governments and countries with economic policies see strong currencies, while instability can lead to depression.
The emotions and speculations of the market: Currency values are also driven by investors’ impressions and expectations about future events. Specifications can buy or sell currencies based on expected economic or political changes, which can affect short -term movements.
UK remittances to Pakistan
More than 1.5 million Pakistani immigrants live in the UK, which makes it an important role in the remittances received from the UK to Pakistan.
Overseas Pakistanis living in the UK made a passage of 1 to 501.8 million during February 2025, an increase of 13.12 percent in January 2025 compared to $ 443.6 million. On an annual basis, the arrival from the UK increased by 45.03 %.
