Kuwait City/Karachi – June 2, 2025 – As reported by open market sources, the exchange rate of the Kuwaiti Dinar (KWD) against the Pakistani Rupee (PKR) has remained unchanged at 913.99 PKR.
This slight change in the exchange rate has initiated discussions among analysts and traders regarding the possible factors affecting its value and the anticipated impact on trade and remittances between the two nations.
One Kuwaiti Dinar equates to 913.99 Pakistani Rupees.
Comprehending the KWD-PKR Exchange Rate
The KWD to PKR exchange rate is influenced by economic factors as well as market conditions. The Kuwaiti Dinar, noted as one of the most powerful currencies globally, is pegged to a selection of currencies and does not float freely, thus ensuring some degree of stability. The Central Bank of Kuwait maintains this peg to provide a consistent valuation of the currency against major international currencies.
In contrast, the Pakistani Rupee operates on a floating basis, with its valuation determined by the supply and demand in the forex market, although the State Bank of Pakistan intervenes occasionally to stabilize it. Aspects such as foreign currency reserves, trade balances, inflation rates, and interest rate disparities between Kuwait and Pakistan significantly affect the KWD-PKR exchange rate.
The minor drop of the Kuwaiti Dinar to 913.99 PKR from 916 yesterday reflects small shifts in market sentiment influenced by changes in Pakistan’s foreign reserves or fluctuations in demand for the dinar from Pakistan. Traders have noted that such slight variances are inevitable and are expected to stabilize quickly due to Kuwait’s robust economic fundamentals.
Effects on Trade and Remittances
The small depreciation of the KWD against the PKR has repercussions for the economic activities between Kuwait and Pakistan. Remittances are vital to Pakistan’s economy, with a considerable number of Pakistani expatriates living in Kuwait. A weaker KWD indicates that Pakistani workers in Kuwait may experience a minor reduction in the value of their remittances when converted to PKR. For example, a monthly 100 KWD remittance previously worth 91,600 PKR can now be converted for 91,399 PKR—this slight alteration could have a significant effect over time for those reliant on such remittances.
Concerning bilateral trade, the impact is expected to be minimal due to the insignificant nature of the decline. Kuwait supplies oil products to Pakistan while importing textiles, agricultural products, and labor services from Pakistan. A stable exchange rate ensures consistent trading expenses, and analysts anticipate that the current rate of 913.99 PKR will not disrupt trade patterns significantly.
Summary of KWD and PKR
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, introduced in 1961 to replace the Gulf Rupee. Thanks to its high valuation, the KWD is bolstered by Kuwait’s substantial oil reserves and stable economic policies, making it one of the most valued currencies worldwide.
The Pakistani Rupee (PKR), launched in 1948, acts as the official currency of Pakistan. Its value is swayed by the national economy, foreign reserves, and global market activity. Despite ongoing fluctuations, the PKR remains an essential part of Pakistan’s economy, supported by exports and remittances.
DOLLAR RATE TODAY IN PAKISTAN- LIVE
As the KWD-PKR exchange rate stabilizes, market participants will vigilantly observe the economies of both nations to forecast future trends.
Leave a Comment