The State Bank of Pakistan (SBP) has released its latest Mark-to-Market (M2M) currency rates for August 15, 2025, providing critical guidance for businesses, investors, and individuals navigating Pakistan’s financial markets.
Currency Rates in Pakistan Today- Latest Updates
These rates, compiled from brokerage houses and Reuters Eikon Terminal, reflect the weighted average of closing interbank exchange rates, focusing on the US Dollar (USD) and key currencies such as US Dollar (USD), Saudi Riyal (SAR), UAE Dirham (AED), Kuwaiti Dinar (KWD), Canadian Dollar (CAD), and Qatari Riyal (QAR).
Key Currency Rates in Pakistan Today
Below are the exchange rates for major currencies against the Pakistani Rupee (PKR) as of August 15, 2025, from SBP’s M2M rates, compared to August 13 rates:
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Saudi Riyal (SAR):
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Ready: PKR 75.1725 (August 13: PKR 75.2033, down by PKR 0.0308)
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1-Month: PKR 75.4798 (August 13: PKR 75.5297, down by PKR 0.0499)
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3-Month: PKR 76.0587 (August 13: PKR 76.0670, down by PKR 0.0083)
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6-Month: PKR 76.5839 (August 13: PKR 76.5870, down by PKR 0.0031)
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1-Year: PKR 78.1520 (August 13: PKR 78.1737, down by PKR 0.0217)
The SAR’s slight decline may offer marginal relief for remittances and Hajj/Umrah travel expenses.
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UAE Dirham (AED):
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Ready: PKR 76.7955 (August 13: PKR 76.8371, down by PKR 0.0416)
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1-Month: PKR 77.1681 (August 13: PKR 77.2233, down by PKR 0.0552)
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3-Month: PKR 77.8536 (August 13: PKR 77.8654, down by PKR 0.0118)
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6-Month: PKR 78.4691 (August 13: PKR 78.4738, down by PKR 0.0047)
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1-Year: PKR 80.3107 (August 13: PKR 80.3394, down by PKR 0.0287)
The AED’s decrease could slightly reduce costs for trade and expatriate transactions.
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Kuwaiti Dinar (KWD):
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Ready: PKR 923.3408 (August 13: PKR 923.9575, down by PKR 0.6167)
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1-Month: PKR 928.2290 (August 13: PKR 929.0156, down by PKR 0.7866)
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3-Month: PKR 936.8685 (August 13: PKR 937.1610, down by PKR 0.2925)
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6-Month: PKR 944.5832 (August 13: PKR 944.7177, down by PKR 0.1345)
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1-Year: PKR 967.0203 (August 13: PKR 967.4611, down by PKR 0.4408)
The KWD’s decline may lower costs for high-value transactions.
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Canadian Dollar (CAD):
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Ready: PKR 204.4669 (August 13: PKR 205.0963, down by PKR 0.6294)
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1-Month: PKR 205.7524 (August 13: PKR 206.4279, down by PKR 0.6755)
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3-Month: PKR 208.0963 (August 13: PKR 208.6665, down by PKR 0.5702)
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6-Month: PKR 210.2593 (August 13: PKR 210.7835, down by PKR 0.5242)
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1-Year: PKR 216.5352 (August 13: PKR 217.1521, down by PKR 0.6169)
The CAD’s decrease could reduce costs for Pakistan’s trade and diaspora in Canada.
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Qatari Riyal (QAR):
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Ready: PKR 77.3897 (August 13: PKR 77.4338, down by PKR 0.0441)
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1-Month: PKR 77.7424 (August 13: PKR 77.8198, down by PKR 0.0774)
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3-Month: PKR 78.4233 (August 13: PKR 78.4654, down by PKR 0.0421)
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6-Month: PKR 79.0284 (August 13: PKR 79.0691, down by PKR 0.0407)
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1-Year: PKR 80.8311 (August 13: PKR 80.9094, down by PKR 0.0783)
The QAR’s decline may ease expenses for Pakistanis working in Qatar.
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US Dollar (USD):
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Ready: PKR 282.0621 (August 13: PKR 282.2228, down by PKR 0.1607)
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1-Month: PKR 283.4115 (August 13: PKR 283.6176, down by PKR 0.2061)
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3-Month: PKR 285.8667 (August 13: PKR 285.9245, down by PKR 0.0578)
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6-Month: PKR 288.0626 (August 13: PKR 288.0770, down by PKR 0.0144)
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1-Year: PKR 294.6801 (August 13: PKR 294.7854, down by PKR 0.1053)
The USD’s decline aligns with open market trends reported on X, where the USD was quoted at PKR 283.91, slightly higher than SBP’s ready rate, potentially easing import costs.
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Other Notable Currencies
Other major currencies also show changes compared to August 13:
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Euro (EUR): Ready: PKR 329.5896 (August 13: PKR 330.4547, down by PKR 0.8651), with 6-month at PKR 341.7015 (August 13: PKR 342.4188, down by PKR 0.7173).
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British Pound (GBP): Ready: PKR 382.3634 (August 13: PKR 382.2990, up by PKR 0.0644), with 6-month at PKR 392.3215 (August 13: PKR 392.0529, up by PKR 0.2686).
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Swiss Franc (CHF): Ready: PKR 350.2138 (August 13: PKR 351.2856, down by PKR 1.0718), with 6-month at PKR 367.0281 (August 13: PKR 368.0396, down by PKR 1.0115).
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Australian Dollar (AUD): Ready: PKR 183.7071 (August 13: PKR 184.8701, down by PKR 1.1630), with 6-month at PKR 188.9564 (August 13: PKR 190.0455, down by PKR 1.0891).
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Singapore Dollar (SGD): Ready: PKR 219.9744 (August 13: PKR 220.4005, down by PKR 0.4261), with 6-month at PKR 228.6675 (August 13: PKR 229.0347, down by PKR 0.3672).
Analysis and Implications
The consistent decline in SAR, AED, KWD, CAD, QAR, USD, EUR, CHF, AUD, and SGD rates from August 13 to August 15 suggests a short-term strengthening of the PKR, potentially lowering costs for imports, remittances, and travel. The GBP’s slight increase in ready rates indicates some resilience, but its forward rates remain stable. Posts on X report the USD at PKR 283.91 in open markets, slightly above SBP’s ready rate, reflecting ongoing currency shortages and skepticism about government efforts to cap the USD at PKR 250. Despite short-term PKR gains, elevated forward rates (6-month to 1-year) for most currencies signal market expectations of potential PKR weakening in the medium to long term. These M2M rates are crucial for authorized dealers to revalue their books daily, impacting financial reporting, trade pricing, and investment strategies. For individuals, these fluctuations affect remittances, travel budgets, and overseas education costs.
The rates are sourced from the State Bank of Pakistan’s official M2M release