Tag: remittance impact

Karachi/Doha, August 12, 2025 — The Qatari Riyal (QAR) traded at 77.88 Pakistani Rupee (PKR) today, climbing from 77.42 PKR on August 9 and 77.80 PKR on August 4.

Qatari Riyal To Pakistani Rupee- Latest Updates

This upturn follows a brief dip, highlighting Qatar’s steady economic strength, fueled by its dominant energy sector, in tranquil market conditions.

The QAR has shown resilience over recent weeks. It traded at 77.72 PKR on August 1, 77.74 PKR on July 29, 78.01 PKR on July 26, and reached 78.26 PKR on July 19. Other notable rates include 78.16 PKR on July 23, 78.03 PKR on July 16, 78.02 PKR on July 9, 77.94 PKR on July 2, and a June 2025 close at 77.86 PKR. Earlier in June, it was 77.90 PKR on July 7 and July 4, 77.70 PKR on June 27, 77.87 PKR on June 25, 77.82 PKR on June 23, 77.72 PKR on June 14, and 77.39 PKR at the month’s start, reflecting a generally firm stance against the PKR.

How Currency Valuation Operates

The exchange rate between QAR and PKR hinges on forex market dynamics, shaped by trade flows, remittances, and policy decisions. Qatar’s Riyal, fixed at 3.64 QAR per USD, draws stability from its gas-rich economy. Pakistan’s Rupee, free-floating, sways with inflation, political shifts, and reserve levels, as market observers note.

Effects on Pakistani Expatriates

For the 125,000-plus Pakistani expatriates in Qatar, the QAR’s rise lifts remittance values. A 1,000 QAR transfer, worth 77,420 PKR on August 9, now fetches 77,880 PKR—a 460 PKR gain, and 490 PKR above June’s 77,390 PKR. This helps families in Pakistan cover schooling, medical needs, or daily costs. Yet, those earning in PKR or holding PKR savings might find Qatar’s imported goods pricier.

Currency Snapshot

The Qatari Riyal (QAR), launched in 1966, is Qatar’s currency, marked by QR or ر.ق. Pegged to the US dollar, it’s overseen by the Qatar Central Bank and thrives in the Gulf’s vibrant economy.

The Pakistani Rupee (PKR), denoted by ₨, has served Pakistan since 1948. Managed by the State Bank of Pakistan, its value shifts with economic and political tides.

Karachi/ Doha, August 1, 2025 — The Qatari Riyal (QAR) is trading at 77.72 Pakistani Rupee (PKR) today, slipping slightly from 77.74 PKR on July 29 and 78.01 PKR on July 26.

This modest decline follows a period of strength, with Qatar’s energy-driven economy continuing to provide stability in calm market conditions.

Qatari Riyal Rate- Latest Updates

The QAR has shown a generally upward trend in recent weeks. It traded at 78.16 PKR on July 23, 78.26 PKR on July 19, 78.03 PKR on July 16, 78.02 PKR on July 9, and 77.94 PKR on July 2, closing June 2025 at 77.86 PKR. Earlier in June, rates were 77.90 PKR on July 7 and July 4, 77.70 PKR on June 27, 77.87 PKR on June 25, 77.82 PKR on June 23, 77.72 PKR on June 14, and 77.39 PKR at the month’s start, reflecting sustained strength against the PKR despite the recent dip.

How Currency Valuation Works

The QAR-PKR exchange rate is driven by supply and demand in the foreign exchange market, influenced by trade flows, remittances, and economic policies. The Qatari Riyal, pegged to the US dollar at 3.64 QAR per USD, benefits from Qatar’s natural gas-fueled economy. In contrast, the Pakistani Rupee, a floating currency, fluctuates due to inflation, political developments, and Pakistan’s foreign reserve levels, as noted by economic analysts.

Impact on Pakistani Expatriates

For the over 125,000 Pakistani expatriates in Qatar, the QAR’s slight decline reduces remittance values marginally. A 1,000 QAR transfer, worth 77,740 PKR on July 29, now yields 77,720 PKR—a drop of 20 PKR but still 330 PKR higher than 77,390 PKR at June’s start. This supports families in Pakistan with expenses like education, healthcare, and daily costs, though the recent dip may slightly lessen the impact. Expatriates earning in PKR or holding PKR savings may find goods and services in Qatar, particularly imports, marginally more affordable.

Saudi Riyal to Pakistani Rupee -Latest Updates

About the Currencies

The Qatari Riyal (QAR), introduced in 1966, is Qatar’s official currency, denoted by QR or ر.ق. Pegged to the US dollar, it is managed by the Qatar Central Bank and widely used in the Gulf’s vibrant economy.

The Pakistani Rupee (PKR), symbolized by ₨, has been Pakistan’s currency since 1948. Managed by the State Bank of Pakistan, its value shifts with economic and geopolitical developments.