Kuwait City/Karachi, April 23, 2025 – The Kuwaiti Dinar (KWD) strengthened against the Pakistani Rupee (PKR) today, trading at 918.53 PKR, up from 915.11 PKR yesterday.
Over 300,000 Pakistani expatriates in Kuwait are impacted by this gradual increase, which is a reflection of the continuous volatility in international currency markets caused by the economic differences between Kuwait and Pakistan.
1 Kuwaiti DinaR= 918.53 PKR
The valuation of the KWD against the PKR is determined in the foreign exchange (forex) market, where currencies are traded based on supply and demand. The KWD’s value is bolstered by Kuwait’s robust oil-driven economy and its peg to a weighted basket of currencies, ensuring stability. The Central Bank of Kuwait maintains this peg through substantial foreign reserves, shielding the dinar from sharp fluctuations.
Conversely, the PKR, managed by the State Bank of Pakistan, is freely floated and susceptible to domestic challenges like inflation, trade deficits, and political instability. Factors such as Pakistan’s foreign reserves, interest rates, and global oil prices further influence the exchange rate, with higher oil prices often strengthening the KWD due to Kuwait’s oil exports.
For Pakistani expatriates in Kuwait, this uptick in the K means significant benefits. A stronger KWD amplifies the value of remittances sent home, with each dinar yielding more rupees. For instance, a monthly remittance of 100 KWD now fetches 91,853 PKR, up from 91,511 PKR, boosting family incomes in Pakistan. This increased purchasing power allows expats to save more or support larger expenses like education or healthcare. However, it also highlights Pakistan’s economic vulnerabilities, as a weaker PKR raises import costs, including Kuwaiti oil, straining Pakistan’s trade balance.
Despite these advantages, some expats feel disconnected from Pakistan’s economy. “The extra rupees help, but it shows how fragile our currency is,” said Bilal Ahmed, a driver in Kuwait City. Analysts suggest this trend may spur more Pakistanis to seek work in Kuwait, drawn by enhanced earnings.
DOLLAR RATE TODAY IN PAKISTAN- LIVE
Currency Overview: The Kuwaiti Dinar, introduced in 1961, is the world’s highest-valued currency, backed by Kuwait’s oil wealth and subdivided into 1,000 fils. The Pakistani Rupee, established in 1947, is subdivided into 100 paise (though rarely used) and reflects Pakistan’s economic challenges, including external debt and inflation pressures.
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